Background Check:

• Successful completion of a criminal background check. Any felony convictions or history of fraud or unethical business practices may be grounds for denial.
• Provision of character references from reputable sources, such as individuals in the boxing community or business professionals.
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Financial Stability and Responsibility:

• • Demonstration of ability to manage funds responsibly. This might involve submitting bank statements or financial declarations.
  • Bonding/Insurance: The IBC may consider requiring managers to obtain a surety bond or professional liability insurance to protect boxers from financial losses due to mismanagement.
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Knowledge and Experience:

• • Demonstration of a thorough understanding of boxing rules, regulations, industry practices, and contract law. This could be assessed through an examination or interview.
  • Evidence of business and negotiation skills necessary to effectively manage a boxer’s career.
  • Prior experience in sports management, contract negotiation, or a related field is a must
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Ethical Standards:

• • Agreement to adhere to the IBC’s Code of Conduct for Managers, which emphasizes fiduciary duty, ethical behavior, and avoidance of conflicts of interest.
  • Disclosure of any potential conflicts of interest and a plan to mitigate them.

Education and Training:

Completion of a mandatory training course or seminar provided or approved by the IBC. This training would cover:

• • IBC rules and regulations
  • Contract negotiation and management
  • Financial management and reporting
  • Boxer health and safety
  • Ethical responsibilities of a manager
  • Requirement for managers to participate in continuing education programs to stay updated on industry changes and best practices.
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Fees

• • Payment of a non-refundable application fee – INR 7,500
  • Payment of an annual licensing fee to the IBC – INR 5,000 (Year 2 onwards)