The China Mail - De La Hoya and Ali's grandson slam proposed federal boxing reform

USD -
AED 3.673019
AFN 63.501274
ALL 80.559269
AMD 363.717652
ANG 1.790365
AOA 917.999785
ARS 1519.8575
AUD 1.422364
AWG 1.80075
AZN 1.645196
BAM 1.714464
BBD 2.012413
BDT 122.948664
BGN 1.683441
BHD 0.376649
BIF 3009.415106
BMD 1
BND 1.276562
BOB 12.244898
BRL 5.182604
BSD 0.999106
BTN 95.679045
BWP 13.604786
BYN 3.018795
BYR 19600
BZD 2.00952
CAD 1.41425
CDF 2309.999798
CHF 0.82818
CLF 0.024341
CLP 961.090406
CNY 6.71135
CNH 6.72267
COP 3357.8
CRC 454.274493
CUC 1
CUP 23.978646
CVE 96.662634
CZK 21.34825
DJF 177.922715
DKK 6.555415
DOP 59.418613
DZD 133.725024
EGP 51.772897
ERN 15
ETB 162.087103
EUR 0.87691
FJD 2.24725
FKP 0.756753
GBP 0.754585
GEL 2.615021
GGP 0.756753
GHS 11.604951
GIP 0.756753
GMD 73.49797
GNF 8787.432499
GTQ 7.630269
GYD 209.052178
HKD 7.84389
HNL 26.817273
HRK 6.606595
HTG 130.75952
HUF 320.260502
IDR 17947
ILS 3.033715
IMP 0.756753
INR 95.82355
IQD 1308.910162
IRR 1374575.000406
ISK 119.78974
JEP 0.756753
JMD 158.069366
JOD 0.708999
JPY 157.593501
KES 129.608006
KGS 87.448198
KHR 4063.223227
KMF 432.999773
KPW 900.000318
KRW 1355.069905
KWD 0.30863
KYD 0.832592
KZT 442.57352
LAK 22411.284101
LBP 89473.841083
LKR 329.886786
LRD 171.856371
LSL 16.301459
LTL 2.95274
LVL 0.60489
LYD 6.387819
MAD 9.588067
MDL 17.734435
MGA 4411.249036
MKD 53.977298
MMK 2099.49869
MNT 3598.832458
MOP 8.072056
MRU 40.194433
MUR 47.529616
MVR 15.450017
MWK 1732.502279
MXN 17.69599
MYR 4.073958
MZN 63.91021
NAD 16.301459
NGN 1326.449677
NIO 36.766253
NOK 9.505489
NPR 153.086647
NZD 1.763405
OMR 0.384494
PAB 0.999106
PEN 3.391893
PGK 4.451574
PHP 62.487001
PKR 276.855854
PLN 3.833395
PYG 5889.262922
QAR 3.641998
RON 4.626008
RSD 103.021008
RUB 84.271283
RWF 1476.627731
SAR 3.749807
SBD 8.000512
SCR 13.79395
SDG 601.503065
SEK 9.902699
SGD 1.27711
SHP 0.755002
SLE 24.64977
SLL 20969.491881
SOS 571.04285
SRD 37.695003
STD 20697.981008
STN 21.477663
SVC 8.742724
SYP 13002.000254
SZL 16.297602
THB 33.346032
TJS 9.217161
TMT 3.51
TND 2.957752
TOP 2.40776
TRY 48.964703
TTD 6.795708
TWD 31.762602
TZS 2645.00296
UAH 44.740953
UGX 3913.317904
UYU 40.026123
UZS 11824.624919
VES 852.43145
VND 25976
VUV 118.506411
WST 2.765483
XAF 575.215115
XAG 0.015432
XAU 0.000232390062
XCD 2.70255
XCG 1.8005
XDR 0.707052
XOF 575.215115
XPF 104.548005
YER 236.650033
ZAR 16.294902
ZMK 9001.201869
ZMW 19.490322
ZWL 321.999592
SSP 5712.5919
MXV 2.005342
  • CMSC

    0.0020

    20.51

    +0.01%

  • RBGPF

    -1.0100

    65.99

    -1.53%

  • BCC

    -1.6600

    76.1

    -2.18%

  • CMSD

    0.0300

    20.37

    +0.15%

  • GSK

    -0.0600

    49.65

    -0.12%

  • NGG

    -0.0200

    75.23

    -0.03%

  • RIO

    -0.7800

    94.47

    -0.83%

  • BCE

    -0.3100

    21.3

    -1.46%

  • BTI

    0.1700

    56.02

    +0.3%

  • RELX

    0.2900

    33.51

    +0.87%

  • JRI

    -0.0800

    11.17

    -0.72%

  • AZN

    1.2300

    164.56

    +0.75%

  • BP

    -0.0800

    44.41

    -0.18%

  • RYCEF

    0.0000

    19.67

    0%

  • VOD

    0.1400

    16.49

    +0.85%

De La Hoya and Ali's grandson slam proposed federal boxing reform
De La Hoya and Ali's grandson slam proposed federal boxing reform / Photo: © AFP

De La Hoya and Ali's grandson slam proposed federal boxing reform

Oscar De La Hoya and Muhammad Ali's grandson on Wednesday slammed proposed changes to federal boxing laws, warning a US Senate committee that the reforms would prioritize corporate profits and Saudi investors over fighters.

Text size:

Approved last month by the House of Representatives, changes to the Muhammad Ali Boxing Reform Act would allow the creation of Unified Boxing Organizations, or UBOs, in which a single entity can serve as governing body and promoter.

Supporters say the reforms simplify and streamline a fragmented and confusing sport that has lost ground in recent years to mixed martial arts, which operates under booming centralized leagues like Ultimate Fighting Championship (UFC).

Witnesses at a Senate hearing accused boxing's multiple sanctioning bodies of corruption or extortion, pointing to fighters who have had title belts stripped over financial disputes, and said a unified code would boost in-ring safety.

But the changes -- which Committee on Commerce, Science, and Transportation chair Ted Cruz said he expects to introduce to the Senate "soon" -- were fiercely opposed by other witnesses, including former boxing great De La Hoya.

"This is a fundamental shift in power that if changed would put corporate profits first, fighters second," said De La Hoya, who now owns Golden Boy Promotions.

The Olympic boxing gold medalist turned professional world champion said the reforms "align directly" with Zuffa Boxing, a recently launched Saudi-owned boxing promoter that is a joint venture with UFC's parent company TKO Group Holdings.

"Zuffa Boxing is fully funded by Saudi Arabia. We've already seen how that kind of funding reshaped another sport through LIV Golf," said De La Hoya.

"We should be honest about what is happening here. That was sportswashing, a clear effort to use sports to reshape reputations."

He said reports that LIV Golf may soon lose its Saudi funding and could be on the brink of collapse "should serve as a warning." LIV Golf has denied those reports.

Nico Ali Walsh, grandson of Muhammad Ali and a professional boxer in his own right, also railed against the reforms.

He said the original Ali Act since 2000 has protected fighters from previously rampant anti-competitive and exploitative practices by promoters.

The proposed reforms would "undermine that principle" by replacing "an open market with a controlled structure."

He said UFC fighters "typically receive under 20 percent of the revenue, compared to boxing, where fighters can earn up to 80 percent."

"If this bill is passed in its current form, it should not have my grandfather's name on it," he said.

I.Taylor--ThChM--ThChM