N.Y. Comp. Codes R. & Regs. tit. 19 § 208.26

Current through Register Vol. 46, No. 25, June 18, 2024

Section 208.26 - Required disclosures for boxing promoters

(a) A licensed boxing promoter shall not be entitled to receive any compensation directly or indirectly in connection with a boxing match held in this state until it provides to the Commission:

(1) a copy of any agreement in writing to which the promoter is a party with any boxer participating in the match;

(2) a statement made under penalty of perjury setting forth:

(i) that there are no other agreements, written or oral, between the promoter and the boxer with respect to that match;

(ii) all fees, charges, and expenses that will be assessed by or through the promoter on the boxer pertaining to the event, including any portion of the boxer's purse that the promoter will receive, and training expenses;

(iii) all payments, gifts, or benefits the promoter is providing to any sanctioning organization affiliated with the event; and

(iv) any reduction in a boxer's purse contrary to a previous agreement between the promoter and the boxer or a purse bid held for the event.

(b) A licensed boxing promoter shall not be entitled to receive any compensation directly or indirectly in connection with a boxing match, until it provides to the boxer it promotes:

(1) the amounts of any compensation or consideration that a promoter has contracted to receive from such match;

(2) all fees, charges, and expenses that will be assessed by or through the promoter on the boxer pertaining to the event, including any portion of the boxer's purse that the promoter will receive, and training expenses; and

(3) any reduction in a boxer's purse contrary to a previous agreement between the promoter and the boxer or a purse bid held for the event.

(c) A licensed boxing promoter shall make information required to be disclosed under paragraph (b) of this section available to the Commission upon request.

N.Y. Comp. Codes R. & Regs. Tit. 19 § 208.26

Adopted New York State Register September 21, 2016/Volume XXXVIII, Issue 38, eff. 9/21/2016