SBD/July 24, 2014/Labor and Agents

Floyd Mayweather Jr. Gets Nevada Promoter's License, Will Seek Other States

Mayweather is in the process of seeking licenses in four other states
The Nevada Athletic Commission yesterday "unanimously approved" boxer Floyd Mayweather Jr.'s application to hold a promoter's license in the state, and he can now be his "own promoter of record," according to Steve Carp of the LAS VEGAS REVIEW-JOURNAL. Mayweather said, "I could've gotten my license a long time ago. But we didn't want to rush. We wanted to wait until the time was right, and the time is now.” Mayweather also has a promoter's license in Washington and New York, and Mayweather Promotions CEO Leonard Ellerbe said that the plan is to "continue to seek licenses in other states." Mayweather said that he has "no plans to manage his fighters," which would be a violation of the federal Muhammad Ali Boxing Act (LAS VEGAS REVIEW-JOURNAL, 7/24). ESPN.com's Dan Rafael noted Mayweather Promotions previously relied upon Golden Boy Promotions to "co-promote with it in order to use its license." Nevada commissioners "praised Mayweather and Ellerbe for submitting a thorough and detailed application for a license." Ellerbe said that he is "in the process of seeking licenses" in California, DC, Illinois and Michigan (ESPN.com, 7/23).
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