| Show CYCLE H CLE off OF FINANCE STARTED T ART D BY TEX TE RICKARD TAKES y t- t NOSEDIVE 1 GARDEN HEADS ABOLISH HUGE RING OFFERS 1 Fight Game Back Where Tex T ex Found It Gu Guarantees Guaran ran tees Now Taboo By Frank Getty United Press Prell Sports E Ettor ECtor tar NEW YORK Oct 23 a 4 A. A eycle t tot of ot finance which started on on the upswing through the genius o of 9 Tex Rickard Bickard In m J tho Tunney Tunney- Dempsey d days a. a Y 15 J t and d des e s c ce e n ed 4 x w with 1 t h a a. r rush U II h through the Sharkey Sharkey Shar- Shar key and nd Ing fiascoes now is complete Boxing as 44 t business is back iA k S where It was when v h Richard Rickard found it 7 and envisioned his i WM million dollar do 1111 r r 11 gates The petty racketeers rack rack- IV- IV j i H c- c Y e t w who h 0 profited prof lied hugely in the Sharkey days of ot big guarantees guar guar- guar guam and little fighting no longer put purr their thell 50 cent cigars with their feet on tho the tables in millionaires millionaires' of- of of The Tho millionaires being business business busi busl- ness men inca are ale thoroughly tired of ot the conniving fight managers now managers now that the association no longer is profit profit- L able Madison Square Garden has an an- flounced no nomore more big guarantees for fighters The boys bos that 1 is must work vork on a D. percentage Ob Obviously Ob- Ob this is fair fall and businesslike business like although its it's ls l's taking some of or orthe the worst offenders a a. little time to get used to the tile Ide Idea SYSTEM NEARLY BROKE RICKARD Tho idea of guarantees for fighters fighters fight fight- ers did not originate with Tex RickArd Rickard Rick Rick- ard but under him tho the system readIed reached I It its it peak Finally it il nearly broke him It was Tex Idea Mea always to have havea a a. string to his lila fighters lighters Thus when hen Jack Dempsey signed to defend his title against Geno Gene Tunney for the largest guarantee ever given a a. boxer boxer- Rickard also had it it arranged that If Tunney won won the next fight tight for forthe forthe forthe the title should be under Tex promotion pro pro- me motion tiers Tunney did win and then was wu guaranteed approximately a quarter of a lL million dollars for a return bout Dempsey Dempse of ot course had to have o another guarantee for tor his share shame and was Tex In hock for tor nearly before tho the bout In Chicago go in 1927 1921 That bout wont went wen over the top with a n. record sate gate of ot Then came tho the downward turn Tunney after after- defeating Dempsey a a. second time promptly demanded an even larger guarantee for his bis n next defense of or the tho heavyweight champlon championship Richard Rickard gave it it and ancI was obligated to pay Gene nearly regardless of the opponent and the gate sate The opponent proved to bo be Tom and the gate considerably less than Tunney's guarantee Madison Square Garden taking it on the tho chin Even with that lesson in mind tho new group at nt tho tIm head of ot Madison Mad IMad- ison Square Garden successors to the tho late Inte Rickard continued th tho practice of giving exorbitant guarantees guarantees guarantees guar guar- to tho the second raters who camo along alon after Tunney's retire retire- ment Jack Sharkey alwa always s 's rated minimum for his fights and others acre guaranteed more than they cr ever could draw in irs at the tho gate and so time the system collapsed with wills considerable con con- loss to Madison I n Square Garden which now flOW now has declared It Itself Itself itself It- It self and cried quits |
