New York Codes, Rules and Regulations
Title 19 - DEPARTMENT OF STATE
Chapter VII - State Athletic Commission
Part 208 - Special Rules for Health, Safety and Integrity in Combative Sports
Section 208.26 - Required disclosures for boxing promoters
Universal Citation: 19 NY Comp Codes Rules and Regs ยง 208.26
Current through Register Vol. 46, No. 39, September 25, 2024
(a) A licensed boxing promoter shall not be entitled to receive any compensation directly or indirectly in connection with a boxing match held in this state until it provides to the Commission:
(1) a copy of any agreement in writing to
which the promoter is a party with any boxer participating in the
match;
(2) a statement made under
penalty of perjury setting forth:
(i) that
there are no other agreements, written or oral, between the promoter and the
boxer with respect to that match;
(ii) all fees, charges, and expenses that
will be assessed by or through the promoter on the boxer pertaining to the
event, including any portion of the boxer's purse that the promoter will
receive, and training expenses;
(iii) all payments, gifts, or benefits the
promoter is providing to any sanctioning organization affiliated with the
event; and
(iv) any reduction in a
boxer's purse contrary to a previous agreement between the promoter and the
boxer or a purse bid held for the event.
(b) A licensed boxing promoter shall not be entitled to receive any compensation directly or indirectly in connection with a boxing match, until it provides to the boxer it promotes:
(1) the amounts of any compensation or
consideration that a promoter has contracted to receive from such
match;
(2) all fees, charges, and
expenses that will be assessed by or through the promoter on the boxer
pertaining to the event, including any portion of the boxer's purse that the
promoter will receive, and training expenses; and
(3) any reduction in a boxer's purse contrary
to a previous agreement between the promoter and the boxer or a purse bid held
for the event.
(c) A licensed boxing promoter shall make information required to be disclosed under paragraph (b) of this section available to the Commission upon request.
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