(a) The commission may issue a license to promote, conduct, or hold professional, semiprofessional or amateur boxing, or professional or amateur mixed martial arts sparring matches and exhibitions to any person, corporation, association, club, or organization eligible for a license under this article. In the case of a corporate applicant, the requirements for licensure shall pertain to its officers, directors, principal stockholders, and employees.
Before being granted a license or the renewal of a license under this subsection, the applicant shall establish to the satisfaction of the commission that he or she:
(A) Possesses the requisite skill, knowledge, and ability to promote, hold, and conduct a boxing or mixed martial arts contest, exhibition, or match;