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Council approves support for state bill to cap promoter fees for smaller boxing events
Summary
The Los Angeles City Council voted to support state legislation that would lower a promoter fee cap for boxing events with gates under $1 million, approving the action 10-2 at the meeting.
The Los Angeles City Council voted to support state legislation that would lower a promoter fee cap for boxing events with gates under $1 million, approving the action 10-2 at the meeting.
Supporters said the proposed change — a reduction from a 5 percent cap to 3.5 percent for qualifying events — would reduce costs for smaller promoters and signal that California wants to attract both major and regional boxing events. Opponents said there is no clear evidence the fee level is the determining factor in whether large fights take place in the state and cautioned…
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