For billionaires, not boxers': De La Hoya warns over Ali Act overhaul in Senate hearing
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For billionaires, not boxers': De La Hoya warns over Ali Act overhaul in Senate hearing
"When one system controls access, choice becomes theoretical, not real, professional boxer Nico Ali Walsh told lawmakers, framing the stakes of a debate that could dramatically reshape boxing's economic model."
"This is a fundamental shift in power that would put corporate profits first, fighters second, said De La Hoya, the former world champion turned promoter and a vocal critic of the proposal."
"The current state of the sport [is] difficult to witness, said Nick Khan, a board member of TKO Group Holdings, pointing to a system in which multiple fighters can claim to be champion in the same division."
A US Senate hearing highlighted a divide in boxing's future, with figures like Oscar De La Hoya warning against changes that could undermine fighters' rights. Proposed reforms include centralized Unified Boxing Organizations (UBOs) to streamline matchmaking and attract investment. Critics argue this would concentrate power and weaken existing fighter protections. The hearing, led by Senator Ted Cruz, examined whether current regulations are adequate for modern combat sports. The debate centers on balancing corporate interests with the rights and welfare of fighters in a changing landscape.
Read at www.theguardian.com
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