Proposed Stable of Superheavyweight Boxers Recruited for Championship Potential June 25, 1998 (INB) -- Imagine owning stock in a mutual fund of four to six inexperienced 6'5" 275-pound Mike Tysons and Rocky Marcianos -- and tracking online your earnings per share in this fund of superheavyweight boxers who have been recruited from remote parts of the world for their championship potential.
A Las Vegas boxing and management company, Ringstars, plans to offer investments in a mutual fund formed to finance further evaluation and signing to training and management contracts athletes determined to have heavyweight championship potential. Many are playing other sports in parts of the world where opportunities for professional sports careers are rare.
Ringstars, which specializes in the Heavyweight Division, has announced its Web site, http://www.ringstars.com, launching its Superheavyweight Recruiting Review. The Review will cover Ringstars worldwide recruiting and evaluation program and the development of its selected superheavyweights -- the inexperienced Foremans, Tysons, and Holyfields -- natural athletes and fighters but much bigger and stronger. Athletes will be signed to long-term contracts after a series of rigorous elimination competition events.
Ringstars expects to attract investors from among those who log on, and arrange venture capital financing for an elite "Mutual Fund of Superheavyweights." The Review contains links for accredited investors and other interested subscriber investors.
The first 33 athletes selected for evaluation can be linked from the Ringstars Web site. They range from 6' to 6'11", weigh from 251 to288-pounds, and are from seven countries. Those who become part of the Ringstars' investment portfolio will be featured in future issues of the Superheavyweight Recruiting Review.
According to Ringstars, no one recruits for the great, inexperienced superheavyweight athletes, the raw talent with championship potential, except the Cubans, who restrict recruiting to Cuba. Their latest find is a 6'8" superheavyweight, currently the #1 ranked amateur in the world. In the U.S., a few prominent promoters and managers recruit only proven, already-trained experienced boxers at national amateur tournaments and the Olympics every four years. The best heavyweight prospects in the U.S., however, are not in boxing, they're playing in the NFL and NBA -- but not in the other countries, and that is where Ringstars has gone.
Successful recruiting constitutes 90% of other sports programs. John Wooden, the famous UCLA basketball coach, wrote in "They Call Me Coach," that he always preferred talent without experience over experience without talent.
Ringstars agrees.
