Professional boxing throughout the world is on decline. The megastars have retired. And there are reasons why big fights are not happening.
There are two promotions that manage the best boxers in the world — Top Rank and Golden Boy Promotions. Each has its own stable of fighters who are contracted. This prevents their fighters to compete against the other promotions. In other words, the possible fights are reduced significantly. It curtails the chances for the fighters and robs the fans of the exciting fights.
Broadcasters’ Contract
Boxing revenues has two streams — gate receipts at the fights which forms a large chunk, and pay-per-view sales of the fight. Broadcasters contract the fighters for a number of fights on an exclusive basis. If the fight has boxers contrected by two rival broadcasters, there is little chance of that happening.
Multiple Sanctioning Bodies
In the world boxing today, there are multiple sanctioning bodies — WBO, WBC, IBF etc who crown different champions, essentially diluting the sanctity of a championship belt.
Competing Sport
There is stiff competition from Mixed Martial Arts, which has weaned away a lot of boxing fans.