Unified welterweight champion Errol Spence Jr. has recently voiced concerns about the allocation of funds by boxing sanctioning bodies, directly questioning what these organizations do with the fees they receive from fighters’ purses. Spence raised this issue during a press conference for his upcoming undisputed welterweight showdown against fellow titlist Terence Crawford, stating, “We give three percent to these organizations. I mean, we gotta know where this money going to.”
In response to these comments, Mauricio Sulaiman, head of the World Boxing Council (WBC), emphasized that Spence has every right to know how his money is being used, and he pledged to improve communication with the champion. Sulaiman explained that the WBC invests heavily in medical studies to ensure the safety of boxers and also assists fighters post-retirement.
He also addressed the existence of an amateur committee, offices in Mexico and the US, and various other committees working for the benefit of boxing. Sulaiman further highlighted the WBC’s employment of doctors, ring officials, legal counsel, and the organization's involvement in numerous social work programs.
While boxing sanctioning bodies claim to provide structure and coherence to the sport, they have often faced allegations of corruption, leading to extensive FBI probes. Sulaiman assured that he did not perceive any negative intent from Spence’s questioning, noting that the WBC supported Spence after his car accident in 2019.
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