The WAMMA was announced on November 15, 2007 at a press conference held at Gallager's Steak House, New York,[3] given by Michael Lynch, boxing attorney Fred Levin, former Buffalo Bills coach Kay Stephenson, and Dave Szady.
WAMMA's goals are to invest in the sport of MMA by way of contributions to a fighter pension fund, insurance programs for fighters, financial education seminars, and referee and judge training. Unlike traditional "sanctioning bodies" WAMMA does not charge a sanctioning fee to promoters and does not place a tax on a fighter's purse. WAMMA also outsources its rankings to an independent ranking board composed of over 20 prominent MMA journalists.
It is headed by CEO Dave Szady, a former 33-year veteran of the FBI,[citation needed] interim COO Sam Caplan and VP of Fighter and Promoter Relations Pat Miletich, a former five-time UFC champion.
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