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HomeBusiness and Professions CodeDiv. 8Ch. 2Art. 14§ 18851 Manager Financial Records

§ 18851 Manager Financial Records

Business and Professions Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 18851 Manager Financial Records

Key Takeaways

  • •Managers of boxers or martial arts fighters must keep clear records of all money and expenses for each fight.
  • •These records must include training costs, money paid to the fighter, money the manager got from the fight, and any money the fighter owes the manager.
  • •The records must be kept for 5 years and shown to the fighter or the commission if asked.

Example

A boxer named Alex has a manager named Sam. Alex fights in a big match and wins some money.

Sam must write down how much Alex was paid, how much Sam took from the fight money, how much was spent on Alex's training, and if Alex owes Sam any money. Sam has to keep these notes for 5 years and show them to Alex or the sports commission if they ask.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 18851 Manager Financial Records

A manager of a boxer or martial arts fighter shall maintain an accurate annual record showing all of the following with respect to each contest in which the boxer or martial arts fighter has participated: (a) Training expenses. (b) Amount of money actually paid to the contestant. (c) Amount of money which the manager received from the purse. (d) Amount of money owed to the manager by the contestant. The manager’s record shall be supported by documentation, shall be made available to both the fighter under contract and the commission upon request, and shall be kept in the manager’s possession for a period of five years from the transaction. (Added by renumbering Section 18852 by Stats. 2015, Ch. 316, Sec. 6. (SB 469) Effective January 1, 2016.)

Last verified: January 22, 2026

Key Terms

managerboxermartial arts fightertraining expensespursedocumentationcommission

Related Statutes

  • § 18848 Unlicensed Fighter Management Prohibited
  • § 18849 Promoter Fighter Interest Prohibition
  • § 18654 Injury Reporting Requirements
  • § 18850 Revoking Licenses For Fighting Under Suspension
  • § 18852 Fighter Payment Advance Limits

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Business and Professions Code. Section 18851.
View Official Source