WBO president, Paco Valcarcel has petitioned Senators Harry Reid and John McCain to amend the 1996 Professional Boxing Safety Act to better define the role of “advisor” in the sport– clearly an indirect reference to the growing power of advisor Al Haymon.
A well-defined set of regulations regarding the advisor’s powers and limitations would prevent would be power brokers from having unfettered access to all aspects of the sport without a corresponding level of responsibility.
Many boxing insiders have complained that a figure like Haymon has an unfair advantage over others in the industry since he can walk the line between manager and promoter while not being bound by legal limitations established for either role.
Currently, there is no language defining the role of advisor or limiting the scope of an advisor’s powers.
.@SenatorReid time has come to amend 1996 Professional Boxing Safety Act to define the "advisor" figure, establish limits and function.
— Paco Valcárcel, Esq. (@PacoValcarcel) September 21, 2014
As the "advisor" figure gains greater prominence, it is imperative that the laws that govern boxing define its nature/limits. @SenJohnMcCain
— Paco Valcárcel, Esq. (@PacoValcarcel) September 19, 2014