How did boxing become so profitable for the champion boxer?

[JEDI]

for championship fights the champion get a guarenteed purse of like $25M and more if he wins.

why didnt the boxing organization go the way of UFC where the organiztion keeps the lion's share of the $?
And if the boxing organztion started out that way, then how did they lose that control?

 

[PottedMeat]

for some reason this made me look up Don King:

http://en.wikipedia.org/wiki/Don_King_%28boxing_promoter)

holy shit - he's killed 2 people?

 

[SKORPI0]

It's the amount a boxer gets regardless what the boxing promoter makes (profit). Imagine if a fight takes place and a few people buy tickets on the venue and PPV. That's a loss for them, not a boxer if he took the percentage of the profit as price money. That's why you'll always get to see top ranked boxers get $$$ guaranteed win or lose. Losers/not the champion usually get a smaller amount.

 

[jteef]

the better question is why is the UFC stealing all of that money from its fighters?

 

[HeXen]

for some reason this made me look up Don King:

http://en.wikipedia.org/wiki/Don_King_%28boxing_promoter)

holy shit - he's killed 2 people?

he has responded to mob allegations by calling them racist.

them: "Mr. King, you seem to have some affiliation with the mob, is that correct?"
King: " Your racist!!!!"

 

[MikeyLSU]

for some reason this made me look up Don King:

http://en.wikipedia.org/wiki/Don_King_(boxing_promoter)

holy shit - he's killed 2 people?

not only that, but he murdered someone and only got 4 years of jail time. I smell a payoff to the judge.

 

[The Boston Dangler]

for championship fights the champion get a guarenteed purse of like $25M and more if he wins.

why didnt the boxing organization go the way of UFC where the organiztion keeps the lion's share of the $?
And if the boxing organztion started out that way, then how did they lose that control?

interest in boxing has been in freefall for decades, even in the tyson days. only title fights are talked about, and even then the undercard will be ignored. tv channels would rather not show the undercard at all, while pay-per-view relies on it heavily to pad the time for its outrageous price.

boxing doesn't have a singular organization owning and promoting itself, like ultimate fighting championship (which is just 1 of several in its class). there are separate, and multiple, bodies for sanctioning and promotion. of course these bodies, including sponsors, venues, lawyers, insurance, et cetera, stand to gain far more than any fighter or stable of fighters, and always have.

by the way, your spelling looks like it's gone a few rounds itself

edit:
don king is a colossal piece of shit

 

[JackBurton]

the better question is why is the ufc stealing all of that money from its fighters?

exactly!

 

[zinfamous]

I was gonna say Don King