00:00Y ahora, si puedes tocar los gloves.
00:02Y Mr. De La Hoya,
00:04te salió por cinco minutos.
00:11I grew up in East L.A.
00:13con muy poco.
00:14Con mi camino.
00:15Cuando me ganó el gold en 18 años,
00:18tenía promotores que me
00:19en cada lado.
00:20Mi familia y no tenía acceso
00:22a legal advice.
00:24I signed the first contract
00:25put in front of me
00:26without fully understanding it.
00:28It didn't take long to realize
00:29I had been taken advantage of.
00:32That experience is not unique.
00:34Many fighters enter this sport
00:35young, trusting,
00:36and without resources.
00:38And once they are locked
00:39into the wrong deal,
00:40it is very difficult to get out.
00:42That is exactly why
00:43the OLLI Act exists.
00:45This is a fundamental shift
00:47in power that if changed
00:49would put corporate profits first,
00:51fighters second.
00:52We should be clear
00:53about who benefits from this.
00:55These changes align directly
00:56with what Zufa Boxing,
00:58and its leadership
00:59at TKO Group Holdings
01:00have already said
01:01they intend to build in boxing,
01:03a model similar to the UFC.
01:05And we already know
01:06what that model looks like
01:07and it does not work
01:08for the fighters.
01:10Fighters deserve real protection
01:12and real opportunity,
01:13not have to fight
01:14the system as well.
01:15If this bill passes,
01:17fighters will have
01:17fewer choices,
01:18less leverage,
01:19and less control
01:20over their careers.
01:21And when that happens,
01:22it will not be the sport
01:23that failed them.
01:24It will be us.
01:26Thank you very much.
01:28Thank you.
01:29Mr. Walsh.
01:34Chairman Cruz,
01:35Ranking Member Rosen,
01:36and members of the committee,
01:38thank you for the opportunity
01:39to appear before you today.
01:41My name is
01:42Nico Ali Walsh.
01:43I'm a professional boxer
01:44and the grandson
01:45of Muhammad Ali.
01:47When one system
01:49controls access,
01:50choice becomes theoretical,
01:51not real.
01:53The Ali Act
01:54was built on
01:55a simple principle.
01:57The people controlling fighters
01:58should not also control
02:00the entire marketplace
02:01those fighters depend on.
02:03That separation exists
02:05to prevent conflicts
02:06of interest
02:07and exploitation.
02:09The new Muhammad Ali
02:11Boxing Revival Act
02:12would undermine
02:13that principle.
02:14By allowing one entity
02:16to operate across promotion,
02:18management,
02:19and matchmaking,
02:20it removes independence.
02:23When that happens,
02:24you fight
02:25who you're told to fight
02:26or you don't fight at all.
02:28At that point,
02:29real choice disappears
02:30and so does negotiation.
02:33Boxing is not broken.
02:35If it were,
02:36UFC champions
02:37at the height
02:37of their careers
02:38would not be actively
02:40targeting boxing fights
02:41because of the fair pay.
02:43That movement
02:44is rarely seen
02:45in reverse
02:46due to the UFC's
02:48centralized pay structure.
02:50Boxing has never
02:51been perfect,
02:52but one of its strengths
02:54has always been competition.
02:56Multiple promoters
02:57competing for fighters
02:58creates leverage
02:59and fair market value.
03:01When that competition
03:02is consolidated
03:03to one system,
03:05leverage disappears.
03:07Protection should be strengthened,
03:09especially around
03:10health and safety,
03:10but not used
03:12as justification
03:12to restructure
03:14the sport
03:15in a way
03:15that removes
03:16power from fighters.
03:18The bill that the House
03:19has passed
03:20should not be adopted.
03:21We can protect
03:22fighters more effectively
03:23than we do today
03:24without concentrating
03:25control over them.
03:28If this bill
03:29is passed
03:29in its current form,
03:30it should not have
03:31my grandfather's name
03:32on it,
03:33as it would betray
03:34the principles
03:35that his act
03:36was created to protect.
03:38Thank you.
03:39Mr. Khan,
03:40you're recognized.
03:42Chairman Cruz,
03:43Senator Rosen,
03:44members of the committee,
03:46it's a privilege
03:47to appear
03:47before you today.
03:50Almost every major
03:51American sport
03:52has a league
03:53that sets rules
03:53and forces standards,
03:55develops talent,
03:56and creates the conditions
03:57for stars to emerge.
03:59Boxing has never
04:00had that structure.
04:01Instead,
04:02it has a patchwork
04:03of sanctioning bodies
04:04whose business model
04:05is charging boxers money
04:06for the right
04:07to be called champions.
04:08Today,
04:09the WBC,
04:10a sanctioning body,
04:12alone recognizes
04:14163 champions
04:15across 18 weight classes.
04:18To state the obvious,
04:20there should simply be
04:2118 champions
04:22across 18 weight classes.
04:24But the more champions,
04:26the more fees
04:26to the sanctioning bodies.
04:27And those fees
04:28come directly
04:29out of the fighters' purses,
04:31typically 3%
04:32from both champion
04:33and challenger.
04:35The Muhammad Ali
04:36Boxing Revival Act
04:38is built
04:38on a simple premise.
04:40Give boxers
04:42the freedom
04:42to choose
04:42a better system.
04:43The act
04:44as it currently stands
04:45would remain in place.
04:47The system
04:48as it currently stands
04:49would remain in place.
04:51This is an or option.
04:53Create the framework
04:54for unified boxing
04:55organizations,
04:57otherwise known as UBOs,
04:58that can do
04:59what major sports do,
05:01promote competition,
05:02develop talent,
05:04enforce consistent standards
05:06across one roof.
05:08This concludes
05:10today's hearing.
05:12The committee
05:13stands adjourned.
05:14Thank you.
05:15So,
05:17once again,
05:18and
05:21we'll always
05:21stop
05:21going
05:21to
05:21end
05:21in the
05:21beginning.
05:21Gracias.
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