Action | Amendment to Professional Boxing and Wrestling Event Fees |
Stage | Proposed |
Comment Period | Ended on 12/17/2004 |
I feel the percentage of the increases are out of proportion. To go up a 100% on wrestler's fees is uncalled for. Also the raise in promoter fees and event fees will drive many legit promotions never to run again. To drive up the fees to a point to keep other promotions the director feels is not "legit" from other states from running in Virginia is going to backfire.
There are several promotions in Virginia that run only charity events. But now if the increase in fees passes, the amount of money that is raised will either decrease just to cover expenses. Or even worse, those same promotions will either decide to quit running or no longer do charity events which will have a negative impact on the local communities.
And I feel that charging promotions a yearly license and an event fee is double dipping so to speak.
And what do the wrestlers get back in return for their fees? Do they get a state wide insurance that will cover them while in Virginia? No. So basically we are paying for the right to wrestler.
All these draconian laws will force wrestlers and promotions to either quit or go to nearby states that have no commission.
As another post stated, you might want to check in the other states that have since been deregulated and how that came about.