It takes more than just two boxers to make a fight into a world-class event. Promoters are some of the most important people in the boxing world, yet many people may not know why they are essential. So, why do boxers need promoters?

Boxers need promoters to make the fight happen. Promoters bring together fighters, set up the venue, handle ticket sales and TV rights. They also put on news conferences and other events to build up anticipation for the fight.

Keep reading as I break down exactly what a promoter does, as well as the benefits that come with having one in your corner.

Are Boxer Promoters Necessary?

While it is possible to become a boxer without a promoter, they are an important part of the boxing industry. A promoter’s job is to get their fighters booked in bouts and make sure they’re paid properly for each fight. In addition, a boxer needs someone on his or her side who has experience with contracts and legal matters related to prize fighting.

Promoters take care of all these details so that boxers can focus on training and fighting. They also help the boxer build up their reputation and fan base, which is needed to make a living in the sport.

A promoter doesn’t just get someone’s foot in the door of boxing, but also helps them stay there for years to come. If you’re looking to become a boxer who can make a living from their craft, then it might be worth getting yourself one!

What Makes A Good Boxing Promoter?

Each boxing promoter is going to be different, but there are a few qualities that all promoters should have to be successful.

Ability To Get An Audience

The first quality is the ability to get an audience. Promoters do not just put on fights, they have to be able to bring in a crowd and make sure that there is hype leading up to the fight. They need marketing skills as well as public speaking experience for this part of their job.

Ability To Find Talent

The second quality is the ability to find talent. There are a lot of different fighters in the world and it takes some scouting skills for promoters to find the right match ups that will get people interested in attending fights. It is also important for them to know what type of fighter is the best for their audience and what will sell tickets.

Ability To Money

The third quality is the ability to make money. Boxing is a business and there are many different ways that promoters can generate revenue, such as through ticket sales and broadcasting deals. They need to be able to get sponsorships for events too so they will have enough funds in order to put on another show later down the road if necessary.

Ability To Raise Money

The fourth quality that a good promoter should have is the ability to raise money. Boxing has a lot of expenses and it is not always easy to get funding. A good promoter will have the ability to pitch investors on their show so they can get the money they need in order to put on a successful event.

Ability To Negotiate

The fifth quality that makes a good boxing promoter is the ability to negotiate. When promoters are making deals with fighters and other boxing organizations, they will need the skills to make sure that everyone gets what they deserve and each side is satisfied with the deal in order for it not lead to any hard feelings or future issues.

Deep Knowledge of the Sport

The last quality that makes a good promoter is knowledge of the sport. Having an understanding for how boxing works and what it takes to be successful in the ring will make a promoter better at their job. This is because they will be able to spot potential talent and know what styles might work best for certain fighters in order to make the fights more exciting.

Who Are The Top Boxing Promoters?

Top promoters are those who have put on some of the biggest and most profitable fights in boxing history. They are known for their connections with other promoters and fighters, as well as for their ability to produce high-quality fights. These are some of the top boxing promoters the sport has ever seen.

Oscar De La Hoya

The first on the list is Oscar De La Hoya. He is the founder of Golden Boy Promotions, and has promoted some of boxing’s biggest fights in history. One of the biggest fights he ever promoted was the long-anticipated match between Floyd Mayweather and Manny Pacquaio in 2015. This match grossed around $600 million, making it the highest-grossing fight in boxing history.

De La Hoya was a fighter himself, having taken part in many high-profile bouts throughout his career such as “The Dream Match” against Floyd Mayweather Jr. He retired from boxing in 2009 with a record of 39-0. De La Hoya has an estimated net worth of $200 million.

Watch the following video to learn more about Oscar De La Hoya:

Bob Arum

Next on the list is Bob Arum. He has been promoting boxing since 1962, and helped to promote many of Muhammad Ali’s most famous fights including his heavyweight championship fight against Joe Frazier in 1971.

Arum was born in 1933, and grew up with a love for boxing. He began his career by promoting TV fights at Madison Square Garden and eventually became the promoter of many world championship bouts. Arum is still promoting major fights in the sport today and has an estimated net worth of $300 million.

Watch the following video to learn more about Bob Arum:

Don King

Next up is Don King, who has been an American boxing promoter since the 1960s when he worked with Muhammad Ali and other notable boxers like Larry Holmes and Mike Tyson. Over his career, he helped to promote some of the most famous fights in history such as “The Rumble in The Jungle” between Ali and George Foreman, “The Thrilla in Manila” between Ali and Joe Frazier, as well as the James Douglas – Mike Tyson fight.

King is infamous for his extravagant style and the fact that he is not afraid to speak his mind. One thing that’s certain is that King loves boxing, and has dedicated his life to the sport. He can be remembered as one of boxing’s most notable promoters and is largely responsible for its popularity in America today. King has a net worth of $150 million.

Watch the following video to learn more about Don King:

How Do Boxing Promoters Make Money?

Boxing promoters make money by taking a percentage of the fighters’ purses. The promoter will typically take between 20 to 25 percent of the fighter’s purse. This should cover the promoter’s expenses and also provide a profit.

Boxing promoters in the United States can make anywhere between $28,000 and $187,000 annually on average. More successful promoters can blow this average out of the water, such as Bob Arum. Arum is the promoter of Manny Pacquiao, who has a net worth of $400 million. Arum earns upwards of 20 percent on his fighters’ purses and makes millions per fight night.

How Much Money Do You Need To Become A Boxing Promoter?

All boxing promoters must purchase a Boxing Promoter Bond to legally promote boxing matches. The cost of this bond ranges from $10000 to $25000. Promoters who are not known entities with successful, profitable track records may be asked for a larger bond.

Promoters should also be prepared to spend money on operational costs such as renting arena space, hiring security for events, paying the ring announcer and other staff salaries.

This money doesn’t all need to come from the promoters pocket. Promoters can find investors to share the costs of operating a boxing promotion. This benefits promoters because they can set up a boxing event with a small upfront cost. Promoters can also look for sponsors to offset the cost of running a boxing promotion by providing them with promotional material on the event.

Final Thoughts

Boxing promoters are a necessary part of the boxing world. They are responsible for drawing attention to a fighter and generating public interest in their matches, which increases viewership. Promoters also handle details such as securing venues, arranging sponsorships, paying purses for boxers, and assembling broadcast teams that can produce an entertaining show.