00:00Y ahora, si puedes tocar los gloves.
00:02Y Mr. De La Hoya,
00:04tú eres reconocido por cinco minutos.
00:11I grew up in East L.A.
00:13con muy poco.
00:14Voxing fue mi camino.
00:15Cuando me gané el gol de 18 años,
00:18tenía promotores que me vinieron a todos los lados.
00:20Mi familia y no tenía acceso a legal advice.
00:23I signed el primer contrato
00:25en frente de mí sin entenderlo.
00:27No tenía tiempo para entender que me había sido
00:30que me hagan advantageado.
00:32Es que no es un poco.
00:33Muchas personas enteran este sport
00:35young, trusting y sin recursos.
00:38Y cuando se han entrado al malo,
00:40es muy difícil de salir.
00:42Es exactamente por qué el OLLI Act existe.
00:45Es un cambio fundamental en poder
00:48que si cambió la fuerza de la fuerza,
00:50la fuerza de la fuerza.
00:52Debemos ser claros quién benefició de esto.
00:54These changes align directly with what Zufa Boxing and its leadership at TKO Group Holdings
01:00have already said they intend to build in boxing, a model similar to the UFC.
01:05And we already know what that model looks like, and it does not work for the fighters.
01:10Fighters deserve real protection and real opportunity, not have to fight the system as well.
01:15If this bill passes, fighters will have fewer choices, less leverage, and less control over their careers.
01:21And when that happens, it will not be the sport that failed them.
01:24It will be us.
01:26Thank you very much.
01:28Thank you.
01:29Mr. Walsh.
01:34Chairman Cruz, Ranking Member Rosen, and members of the committee, thank you for the opportunity to appear before you today.
01:41My name is Nico Ali Walsh.
01:43I'm a professional boxer and the grandson of Muhammad Ali.
01:47When one system controls access, choice becomes theoretical, not real.
01:53The Ali Act was built on a simple principle.
01:57The people controlling fighters should not also control the entire marketplace those fighters depend on.
02:03That separation exists to prevent conflicts of interest and exploitation.
02:09The new Muhammad Ali Boxing Revival Act would undermine that principle.
02:14By allowing one entity to operate across promotion, management, and matchmaking, it removes independence.
02:23When that happens, you fight who you're told to fight, or you don't fight at all.
02:28At that point, real choice disappears, and so does negotiation.
02:33Boxing is not broken.
02:35If it were, UFC champions, at the height of their careers, would not be actively targeting boxing fights because of
02:42the fair pay.
02:43That movement is rarely seen in reverse due to the UFC's centralized pay structure.
02:50Boxing has never been perfect, but one of its strengths has always been competition.
02:56Multiple promoters competing for fighters creates leverage and fair market value.
03:01When that competition is consolidated to one system, leverage disappears.
03:07Protection should be strengthened, especially around health and safety,
03:11but not used as justification to restructure the sport in a way that removes power from fighters.
03:18The bill that the House has passed should not be adopted.
03:21We can protect fighters more effectively than we do today without concentrating control over them.
03:28If this bill is passed in its current form, it should not have my grandfather's name on it,
03:33as it would betray the principles that his act was created to protect.
03:38Thank you, Mr. Kahn. You're recognized.
03:42Chairman Cruz, Senator Rosen, members of the committee,
03:45it's a privilege to appear before you today.
03:50Almost every major American sport has a league that sets rules and forces standards,
03:55develops talent, and creates the conditions for stars to emerge.
03:59Boxing has never had that structure.
04:01Instead, it has a patchwork of sanctioning bodies whose business model is charging boxers money
04:06for the right to be called champions.
04:08Today, the WBC, a sanctioning body, alone recognizes 163 champions across 18 weight classes.
04:18To state the obvious, there should simply be 18 champions across 18 weight classes.
04:24But the more champions, the more fees to the sanctioning bodies.
04:27And those fees come directly out of the fighters' purses,
04:31typically 3% from both champion and challenger.
04:35The Muhammad Ali Boxing Revival Act is built on a simple premise.
04:40Give boxers the freedom to choose a better system.
04:43The act as it currently stands would remain in place.
04:47The system as it currently stands would remain in place.
04:51This is an or option.
04:53Create the framework for unified boxing organizations,
04:56otherwise known as UBOs,
04:58that can do what major sports do.
05:01Promote competition,
05:03develop talent,
05:04enforce consistent standards
05:06across one roof.
05:08This concludes today's hearing.
05:12The committee stands adjourned.
05:14Thank you.
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