The world of boxing, like a spinning top, rests on a precarious balance. Its thrills are undeniable, with sweat-soaked arenas, pounding hearts, and victory roars echoing into the night. Yet, it is the unseen aspects of the sport that often create a storm. Behind the heart-thumping spectacle, hidden under the carpet of razzmatazz, are the wheels of finance and percentages that make it all possible. Recently, a well-known figure from the boxing arena took to social media, hinting at a seismic shift in this financial structure.

This disclosure, hitherto tucked away behind closed doors, has the potential to disrupt boxing’s financial balance, and in doing so, change the way we perceive the sport. The question remains, what did this figure reveal, and what implications does it have on the world of boxing?

Teddy Atlas unveils the financial undercurrents of boxing
Teddy Atlas, a celebrated boxing trainer, and commentator, broke the silence with a tweet that has generated waves across the boxing world. Atlas, who’s been an integral part of boxing’s behind-the-scenes operations, used this public platform to disclose the shifts in the financial dynamics of the sport. In his words, he said, “So during Pandemic the Promoters payed the Commission, and now they take 8% of Gate receipts from Boxing Events. #HaneyLoma”.

The role of boxing promoters and boxing commissions, for those unversed, are distinctly critical in shaping boxing events. Promoters, typically responsible for handling event logistics, publicity, and contract negotiations, hold significant sway in the financial health of these events. Commissions, on the other hand, are governing bodies that maintain the rules and regulations of the game, ensuring fairness and safety.