Many have wondered about Mauricio Suleman’s organization, but he is willing to send financial accounting.
Suleiman is the head of the Mexico City-based World Boxing Council, one of the four main sanctioning bodies in boxing, which was launched in 1963 by the WBC, and the man behind it is Suleiman’s father, Jose.
Now the company must defend how they conduct business.
Former two-time All-Star and Hall of Famer Andre Ward spoke about the business in an interview with Keith Abdo, where the Hall of Famer shared his frustrations with the fines and debated the fees they charge the business.
The WBC charges 3% any time one of its champions enters the ring.
In response to these concerns, Suleiman said the fee would go towards humanitarian work, research, advances in women’s boxing, etc.
“Well, that’s how it is. [fee percentage] It was originally set up 60 years ago, so I have to ask 60 years ago [the people who came up with it]” Suleiman joked on his DAZN boxing show. “We charge maybe 5 or 10 percent.
“Everything we do goes back to boxing. From amateur boxing—we do a lot of things in amateur. We do a lot of things in pro. [boxing] in 175 countries. And we take care of our own. We take care of elderly fighters who are in difficult times, they have no extra money. They spent it all or did very little. But anyone in the industry can contact the WBC for humanitarian assistance.
“As I said, we have many committees. We’re funding women’s boxing research and we’re all over the place, and that costs money. We have six employees in Mexico City. We have to pay rent, we have to pay for administration, and committees and investigations.
Prepared to send Suleiman “proof” to WBC skeptics.
“We invite anyone who wants to see what we do with the money to see it and we will send them all the evidence,” Sulaiman said. “WBC brought it. [fights from] 15 [rounds] up to 12 rounds, [implemented] Day-before weighing, the four ropes in the ring, changes to gloves, anti-doping.
“We spend a lot of money on anti-doping in the clean boxing program. We have a weight management program. We have countless social responsibility programs and that’s where the money goes.”
“This is for all the fighters who have fought for the WBC. When there is money [involved], organization will be bad, but we just live with it. I can only speak for WBC.