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The professional boxing sanctioning bodies are businesses. The four major sanctioning bodies are in it for influence and money, mostly moneyTo understand how we got to the present mess, back we go in time to the Roaring Twenties…CREDIT PICTURE FINEARTAttribution note: Historical facts for this answer are taken from The Sweet Science by A. J. Liebling, and The Arc of Boxing: The Rise and Decline of the Sweet Science by Mike SilverThe first thing you need to know to understand the professional boxing sanctioning bodies is that they are not in it to help boxing, boxers, or the public.They are in it primarily to make money.Everybody can be a champion!It used to be there were eight undisputed champions in 8 weight classes. Now there are 17 weight classes, and five title belts, plus the Ring Championships, for a total of 102 champions for the 17 weight classes! Then they have super, interim, and regular champions, so they have, potentially, 306 champions! That is 306 compared to 8 in the days of Sugar Ray Robinson.How we went from no sanctioning bodies to one, and now to four plusThe four major sanctioning bodies for boxing titles today are the WBA, WBC, IBF and WBO.The WBA is the oldest, and most prestigious sanctioning body, with the major difference between the WBC, IBF, and WBO being when they were born, who was behind their creation, and where they are headquartered.The WBA, first commercially run sanctioning bodyThe concept of sanctioning bodies began with the New York State Legislature, when, in 1916, it created the New York State Athletic Commission, (NYSAC), the first of its kind in the world.The NYSAC was founded in 1916 by the New York Legislature, and took over sanctioning boxing in 1920, when the Walker Law in New York legalized prizefighting.The first non-government sanctioning body, the first entity to sanction as a business, is the National Boxing Association (NBA), which was subsequently established in 1921 by other U.S. states though either their legislatures or by executive fiat to counter the influence of the NYSAC.The NBA is today the World Boxing Association, the oldest of the sanctioning bodies in boxing. The NBA officially changed its name, and became the WBA on August 23, 1962. The NBA changed its name from “National” Boxing Association to “World” Boxing Association in recognition of boxing's growing popularity worldwide and began to recruit other nations as members.The WBA is 42 years older than the WBC, 62 years older than the IBF, and 67 years older than the WBO.Although founded in the USA, today the WBA is headquartered in Marbella, Panama.The first undisputed and universally recognized boxing champion was sanctioned and recognized by the NBA (and the NYSAC)The first officially recognized and sanctioned heavyweight title bout by a sanctioning body was the Dempsey fight against Georges Carpentier, which was sanctioned by the NYSAC and the NBA.Jack Dempsey is the first undisputed champion, because he was the first champion to be accepted universally as champion, where rules were in place to force fights with mandatory contenders, etc.The WBC is the next oldest non-government sanctioning bodyThe rival World Boxing Council, the “WBC” was initially established by 11 countries: the United States, Puerto Rico, Argentina, United Kingdom, France, Mexico, the Philippines, Panama, Chile, Peru, Venezuela and Brazil on 14 February 1963.The President of Mexico had invited those countries to form an international organization to unify all boxing commissions of the world and to control the expansion of boxing.It only took two years for the WBA and WBC to figure out that two champions were better than one, because each organization would be able to charge more sanctioning fees than they would for a single champion.Founded in Mexico City, today the WBC remains headquartered in Mexico City.The IBF became the third non-government sanctioning body in 1983And then there came a third sanctioning organization to have its own champions and sanctioning fees!The International Boxing Federation, the “IBF,” formerly the United States Boxing Association (USBA), a regional championship organization came into existence in 1983, at the WBA's annual convention, held in Puerto Rico, when Robert W. "Bobby" Lee, Sr., president of the USBA, lost in his bid to become WBA president. Lee and others then walked out of the convention and decided to organize a third, world-level organization, to co-exist with the WBA and the WBC. Formed as USBA-International,Founded in the US by Bobby Lee, today the IBF remains headquartered in Springfield, New Jersey.The WBO is the most recent non-government sanctioning body to the partyThe World Boxing Organization, known as the “WBO” came into being after a group of Puerto Rican and Dominican promoters walked out of the 1988 WBA annual convention in Venezuela over disputes regarding what rules should be applied in title fights, et al.That gave us four sanctioning organizations with their own champions!Founded in Isla Margarita, Venezuela, today the WBO is headquartered in San Juan, Puerto Rico.Then there are the minor leagues - the IBO being the most recognized minor sanctioning bodyThe International Boxing Organization is a fifth, but not generally recognized, sanctioning organization.The IBO was founded in 1988 and incorporated in Illinois in 1992. The organization was moved to Florida 8 years later, in 1996 and incorporated in Florida, where it remains headquartered in Coral Gables Florida.The “Big Four,” WBA, WBC, IBF, and WBO, do not recognize the IBO or its titles. It’s championships are recognized as a legitimate world title by the European Boxing Union and BoxRec, but is unrecognized as Ring magazine, and, as noted, by the other sanctioning organizations..Money is at the heart of all this messEach of the five organizations, the WBC, WBA, WBO, IBF, and the IBO, charge sanctioning fees for their title fights. They also charge for their elimination fights, and for everything else they can manage to screw a penny out of fighters for. They are all allied in one form or another with certain promoters, and certain Television viewing options, et al. None of them work well with the others, and none of the viewing platforms do either.The horde of sanctioning organizations allows the horde of viewing platforms and promoters to con the public and milk everyone out of more money.Keep this in mind when someone posts an answer claiming Floyd had 26 championship fights. In fact, he never once fought for an undisputed title. He used the alphabet titles to game the public into believing he was a multi-division champion. Floyd was a great fighter, but he fought a man with zero, no, amateur or professional fights, while never once fighting for an undisputed title, or fighting an undisputed champion.But he made a lot of money, as did the WBA, WBC, WBO, IBF, and IBO. (and don't forget Ring!)Multiple sanctioning bodies leave fans unsure who is champion of whatIt used to be there were eight undisputed champions. Now there are hundreds.The WBA, by itself, right now, has 5 heavyweight championships:Super-champion (Anthony Joshua)Regular Champion (Trevor Bryan)Champion in Recess (Mahmud Charr)Interim Champion (Vacant)Gold Champion (Robert Helenius)That is the WBA alone, the WBC has five championships as well:Franchise Champion (never awarded)World Champion (Tyson Fury)Champion in Recess (Vacant)Interim Champion (Alexander Povetkin)Silver Champion (Joe Joyce)The WBO, presently has three world championships:Super champion (Anthony Joshua)World Champion (Tyson Fury)interim champion (Vacant)The IBF, amazingly, recognizes but a single heavyweight champion, but they are talking of going with multiple titles as well!So right now, we have…drumroll…7 different world heavyweight champions holding 10 different world heavyweight championships!Each of the four universally accepted organizations, the WBC, WBA, WBO, IBF, and the IBO, which is attempting to make it five, charge sanctioning fees for each of their title fights. They also charge for their elimination fights, and for everything else they can manage to screw a penny out of fighters for.They are all allied in one form or another with certain promotors, and certain Television viewing options, et al. None of them work well with the others, and none of the viewing platforms do either. The horde of sanctioning organizations allows the horde of viewing platforms and promotors to con the public and bilk everyone out of more money.Until 1965 there was basically one champion - the WBA/WBC split over Ali’s rematch with Liston was a forerunner of multiple champions, and much confusion.Promoters, usually tied to one of the sanctioning bodies, don’t let fighters fight the best competitionEver since Floyd Mayweather introduced the value of “0” as in no defeats, no promoter wants to let a money fighter fight anyone who might endanger their value. Case in point: Eddie Hearn and Anthony Joshua. They could have had a Fury or Wilder fight years ago, but Hearn deliberately low-balled both.Nor is that the only case. Al Haymon won’t let Errol Spence fight Terrance Crawford, who is promoted by Bob Arum.it used to be that the best fought the best, but now, it is simply not the case, most of the time.Both the sanctioning bodies, and the promoters, have a vested business interest in having as many champions as possible in order to promote fights as “championship” fights.The result is fewer fights between top fighters.The current business model of boxing makes it almost impossible for a fighter to become AND HOLD - the undisputed titleTV wants championship fights. Multiple titles, multiple champions, more championship fights. Technically, all four major sanctioning bodies have an agreement on rotating mandatory defenses if a single fighter holds the undisputed title, or all four of their belts.But the reality is with their not allowing title holders from other sanctioning bodies to be mandatory contender for their title, they prevent many unification fights. And promoting unworthy challengers in bypassing those other champions, the fights are worth less, and it becomes financially foolish to defend all four belts.Money drives the feed wagon, and unless and until all governments agree to force a single unitary sanctioning body, recognized world wide, (which will never happen), this mess is going to continue…CREDIT TO:The Arc of Boxing: The Rise and Decline of the Sweet Science by Mike SilverThe Sweet Science by A. J. Liebling

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Yes! If you are based in India you can get an interest free loan.Introducing to you Finlok - India’s 1st Group Saving App. Finlok is developed on the age old concept of community/social network based financial model commonly called ROSCA (Rotational Savings and Credit Associations), Bhishi, BC, Committee, Kitty or Chitty across India. The model is widely adopted and is the way in which millions of Indians manage their finances.The concept is simple a group of friends, family, coworkers decide to get together to form a saving group. The group commits to contributing a certain amount, agree on a frequency of collections (say weekly or monthly), beneficiary selection process along with a date on which contributions would be collected. On the contribution date typically the group meets to pool in the money and by the chosen method (draw of chits, bidding etc.) selects the beneficiary. The pooled funds are then given to the beneficiary. The process repeats as per the schedule to select the next beneficiary and so on.. until all group members have received the pooled amount once.Now imagine you are someone who has an upcoming expense (downpayment for a home, buying a bike, holiday, fees due, gift for someone you love, amazing investment etc.) and isn't able to dip into savings. If you are smart you could form your own saving group inviting your friends to join to make up the amount you need for your expense. Your friends would be interested in the group since, lets face it even they would love to get their hands on a lump sum for their own expense. As the group admin you would be able to collect the lump sum on the second cycle and pay back the “instalments” in the following months - without any interest rate!In modern times managing a saving group has become a pain - our friends are scattered all over the country, it is difficult for the entire group to meet each period, the person managing the group has to manage the transaction books, keep reminding each member and updating the entire group about the group status.All this is set to change with the Finlok mobile app. Finlok app digitises the entire experience of group creation, member invite, beneficiary selection, transaction history management as well as online payments (direct bank account transfers with no fund locking with Finlok). Now you too can create a savings group with your friends in a seamless manner, invite your friends from across the country and start saving and getting an interest free loan.Read our blog on the subject to understand more - Avail An Interest Free Loan | Loans at 0% with Finlok Groups.You can also watch our explainer video to know more - Finlok - Social Finance (Group Savings) PlatfromSo I invite you to download our Android app to start your own saving group.