§6308 Conflicts of Interest

Summary

People who run or enforce state boxing rules, including members of the Association of Boxing Commissions, must not belong to, make contracts with, or get paid by anyone who promotes, arranges, or sanctions professional boxing matches or who has a financial interest in an active boxer registered with a boxer registry. Money held in escrow to pay someone else is not counted. A boxing commission may still take a contract or reasonable pay to supervise a match in another State as described in section 6303. Promoters may not have a financial interest in a boxer’s management, and managers may not have a financial interest in promotion or be employed or paid by a promoter, except payments under the manager’s contract with the boxer. A boxer may act as his own promoter or manager, and these rules apply only to matches of 10 rounds or more. Officers and staff of sanctioning organizations may not accept money, gifts, or benefits from promoters, boxers, or managers, except published sanctioning fees or reasonable expenses if reported to the boxing commission, and very small gifts.