Mr. Joe Christle:

The issues were to do with if there was a level of pay increase in circumstances where he continued as a permanent employee. He was the highest paid permanent employee and the head coach of the IABA. The projected increase, with a guaranteed bonus, was in excess of 60%. In the view of the board of the IABA that would have created a huge issue in regard to relativism. We already had both boxers and coaches coming to say to us: "We hear he is getting more money" and so forth. All of these issues must be built in because we are not self-funded. We must find funds to meet those demands.