Surety Bonds Pennsylvania:

Professional Wrestling Promoter

There are Bonds required by State Athletic Commissions of all applicants pursuing a promoter's license. They are required for mixed martial arts, boxing, wresting and kickboxing promoters. Bond amounts will vary by state, but most range between $10,000 and $25,000. The Bond must be furnished in order to ensure faithful performance by a sports promoter of their obligation under state laws. More specifically, sports permit Bonds guarantee that promoters comply with rules and regulations outlined in their state license, including the fulfillment of all contractual obligations to contestants, their managers and other licensees, along with the payment of all promoters license and permit fees.