The TKO Group, which owns UFC and WWE, asked to change the amendment in the Act on Muhammad Ali, a federal act aimed at protecting boxers from exploitation, in accordance with the note of state regulatory bodies, which were published on the Combat Sports Law website at the beginning of this week.
The request arises when TKO tries to create a novel boxing promotion. Although there are no detailed details about the request and speculation, they are crazy, which this may mean for sport, UFC spokesman said in a statement for ESPN that the amendment will try to “improve” the Ali act and offer boxers “more possibilities”.
“TKO conducts preliminary talks with members of the Congress about how we can cooperate to extend the Ali Act to create more choices and opportunities for boxers,” said UFC spokesman. “We believe that the improvements we are talking about can assist inspire boxing in America, provide American boxers with access to greater possibilities and better protection and leading to a larger number of boxing events in our country.”
In March, TKO announced that it joined forces from Turki Alalshikh, chairman of the general Arabia of Saudi Arabia entertainment in order to create a novel boxing promotion.
The Ali Act, adopted in 2000, changed the Act on boxing safety in 1996, extending the provisions on exploitation, conflict of interests and enforcement. In low, the Ali Act intended to prevent promoters to employ predatory and anti -competitive practices against athletes, while encouraging a free and open market.
This is contrary to what allegedly the UFC is guilty, because the promotion recently resolved an antitrust lawsuit worth $ 375 million submitted by fighters, claiming that the promotion was an illegal monopsonia that used anti -competitive business practices to suppress hunting wages and suppress competition.
In the note, the president of the Boxing Commission Association Mike Mazzulli wrote to regulatory bodies with which the “Council of Directors [TKO] To make sure that ABC is still part of federal law. “
There is no schedule when these corrections can be realized, and it is not known when the TKO boxing promotion will start.