(BCN) — A bill creating the country’s initial pension fund for combined fighting styles competitors has actually been authorized right into legislation by Gov. Gavin Newsom. Assembly Bill 1136 from Assemblymember Matt Haney, D-San Francisco, will certainly develop the Mixed Martial Arts Retirement Benefit Fund utilizing $1 from each ticket marketed and some earnings from sporting activities materiel and mementos. Eligible competitors will certainly end up being vested after 12 to 14 battles.
“California is the biggest state in the country for professional mixed martial arts, with more fights, fighters, fans than any other state,” Haney claimed in a press release after the guv authorized the bill Wednesday.
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“The sport brings in billions of revenue worldwide, and the athletes who compete in this highly-skilled, state regulated sport, should be protected while they are in the ring and be able to live with security and dignity when they retire,” claimed Haney.
The California State Athletic Commission provides the brand-new fund and will certainly start the procedure of creating it as quickly as January 2024.
“With this bill, we are revolutionizing the way we support and care for our fighters, ensuring that their hard work and sacrifice are rewarded not only in the ring but also in their retirement years,” claimed Ronda Rousey, previous bantamweight champ and the initial women professional athlete to have actually authorized with the Ultimate Fighting Championship.
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