The rich get richer. As all gyms, fight promoters, and fighters struggle to stay afloat during this pandemic, it has come to our attention that Massachusetts Governor Charlie Baker and the Office for Administration & Finance has taken $100,000 from a charity fund that has been established to financially help injured combatants within the state. Not only was 40% of the total amount of the fund taken from the account under Governor Baker's emergency order, but this all happened as Massachusetts legislators were approved a 6.5% wage increase for 2021.
The Boxer's Fund was established as an effort to financially help fighters in the state to pay for costs that are associated with an injury that they received while competing in a Massachusetts State Athletic Commission (MSAC) sanctioned event. It's purpose is to financially support a combatant who received a long term injury during competition that was overseen by the MSAC. The funds can be used for medical bills, house modifications, lost income...whatever the fighter needs it for. They obviously have to go through an application process and be approved by the MSAC for the funds though. The intent of the Boxer's Fund is to help these combatants when they need it most, and it is something that every state athletic commission should have written into their bylaws.
The fund is contributed to by ticket sales at events and other application fees that are generated when an MSAC event is held in Massachusetts. 1% of all revenues brought in by MSAC for an event get deposited into the fund. Before the account was looted by the Office for Administration & Finance there was $239,231.65 in the account, according to sources close to all parties. After taking their "cut" of $100,000 (40% of the fund's balance), the fund is now left with less than $150,000. The total amount held within the account is important, because when a former combatant requests assistance through the fund their benefits are limited to 5% of the total fund amount. This state directed debit of funds directly affects the amount that any beneficiary can now receive moving forward.
(You can see the details of the fund within this link: https://www.mass.gov/doc/529-cmr-2-administration-of-the-fund/download )
Not only was the fund pilfered by Governor Baker and the Office for Administration & Finance, but it came at a very precarious time, as "The Almighty" approved a 6.5% pay increase for the Massachusetts legislature this week. So what you're telling me is that a charity fund setup to help injured fighters was stolen from at the same time that these same lawmakers received hefty pay increases? Yes, that's exactly what I'm telling you.
I spoke with an anonymous source, we'll call them "Super Deep Throat", or "SDT" for short, and they said that no one was made aware that this large debit would be occurring from the account until the Office for Administration & Finance just took it. SDT confirmed the transactional amounts, as well as the