Former boxer Jack Culcay is making headlines more than a year after his last fight. The former German world champion is apparently struggling with financial problems.
Former boxing world champion Jack Culcay is reportedly bankrupt. According to the trade magazine Boxsport, the Potsdam District Court has opened insolvency proceedings against the boxer, who fought under the name “Golden Jack.”
The former light welterweight world champion owes his last employer, AGON Sports, approximately €100,000, among other things. The arrears are said to result from advance payments. He was previously under contract with Universum and Sauerland Event.
“It’s annoying that it has to end this way”
In an interview with Bild, AGON boxing promoter Ingo Volckmann said: “It’s annoying that it has to end this way. I like Jack and gave him a job as a trainer after his career. For an unskilled coach without a coaching license, who only trains one boxer, for a decent salary.”
This amounted to over €2,000 per month, minus advance payments of around €400 to €500. However, Culcay resigned in the summer of 2025 and left the boxing scene.
Culcay also owes money to friends in the boxing world
“The advance payments came once or twice, then no more. What makes me sad is that Jack didn’t seek a conversation with me. I would be the last person not to have made concessions. But you learn from your mistakes. I no longer give advances to my boxers. Culcay was the exception,” the promoter explained.
Jack Culcay became welterweight world champion in 2009. The former amateur and professional champion last stepped into the ring in April 2024. He fought for the IBF world title.