How to become a boxing promoter?

How to become a boxing promoter?

Boxing promoters are responsible for organizing and marketing a boxing match. Becoming a boxing promoter is a complicated and often costly journey that involves respecting strict state laws. Promoters are responsible for all aspects of an event, from the acquisition of the promoter’s license and the event permit until all participants, including participants and their managers, have the appropriate licenses and are up to date on their annual fees.

  1. 1 Look for local laws. Each state and country has different laws relating to legal responsibilities and the requirements that accompany being a boxing promoter. Find out what the laws are in your area by visiting the appropriate boxing commission website.
    • In states that do not have a commission dedicated to combat sports, you will need to search the state government website to find the relevant laws.
    • Be sure to develop a full understanding of the laws of your area. Violation of the laws may expose you to legal proceedings and / or to the revocation of your license.
  2. 2 Request a promoter license. Complete the request, which includes information about your cases, your experience in boxing and any personal association with members of the board of the boxing commission, competitors, judges or other officials who may be involved in a boxing match.
    • Although license applications for state boxing promoters vary, many require the promoter to provide information about their business entity and complete the names and contact details of the business itself and its board members or partners.
    • Promoters can be asked about the financial history of their business, including recent balance sheet deposits and the financial interests of boxing candidates.
    • A promoter’s license application may also request information on the promoter’s involvement in any investigation concerning the promotions of events or if the promoter has a history of criminal convictions.
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  1. 1 Find an adequate place. Once you are authorized as a boxing promoter, it is time to start preparing for your first event. One of the first things to do is find a place to house it. Local bars, clubs and community centers are often ideal choices.
    • When choosing a place, take into account its capacity. You do not want to rent a place that is too small and will not be able to suit all those who wish to attend your event. On the other hand, a smaller room can create the illusion of a packed house with a small crowd.
    • Your site should also include changing rooms for participants and doctors, and ideally also for officials. It should also include an area that boxers can use to warm up.
  2. 2 Get the equipment.
    • At least four sets of regulatory competition gloves. Boxers are generally not allowed to provide their own gloves.
  3. 3 Find participants. The person who recruits participants for a match is called the “buckler”. Some promoters do it themselves, while others choose to hire a professional matchmaker.
  4. 4 There are also legal requirements that you will have to meet before the event. Most states will require that you have both event insurance and one or more sureties.
    • An insurance policy will be required to cover your liability in case someone is seriously injured or killed during the match. According to the state, it is not unusual for the law to require policies covering $ 10,000 in both medical and life insurance costs.
  5. 5 Request an event permit. In addition to your own license, in many cases you also need a separate event permit for your match. The boxing commission of your state will have requests for these permits.
    • These permits will vary from state to state, but will usually ask you to provide information on the date, time and place of the event, details of boxers (sometimes including weighings and medical history ), information about yourself and your business. , details on your insurance, sureties and safety equipment on site, etc.
  6. 6 Hire staff. A boxing event also requires you to have a range of staff. You will usually have to hire people to fulfill the following roles:
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  1. 1 Prepare the place.
    • Make sure the ring has been built and complies with regulations. It can be inspected by representatives of the boxing commission.
    • Make sure all the necessary equipment is where it should be.
    • Make sure that the places are adequate for the number of tickets sold and do not exceed the legal capacity of the place
    • Park the ambulance teams in an area where they can quickly access the ring if necessary, but will not be troublesome
  2. 2 Organize a meeting before the fight. In some states, members of the boxing commission will require combatants and the arbitrator to meet with a representative of the department to review the rules.
    • Make sure the fighters and the referees know when to attend this meeting.
  3. 3 Start on time. Make sure your event starts on time. It is not only good promotional practice, in some places it is the law.
    • In Minnesota, for example, any delay in the departure time must be approved by a representative of the Office of combative sports. Otherwise, the event is automatically in violation of the regulations.
  4. 4 Once the match is over, provide the state boxing commission with ticket sales and profit records after the event so that they (or you) can calculate the amount of tax you will have to pay for the event.
    • Pay taxes if necessary. Depending on the state you live in, it is common for developers to be required to pay a certain percentage of the money from the sale of tax tickets. In some states, if profits exceed a specific amount, additional taxes may be levied.

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