Still happens today. For every Bernard Hopkins, who seems like a medical marvel............there are 20 Evander Holyfields. Guys who should have been ushered out of the sport years ago.
Ultimately it comes down to a personal choice. Whether they have the cognitive abilities to make that choice, is another matter entirely.
If the guy is marketable, there will always be somewhere in the world they can find to approve another fight for them.
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