For the primary time in its 75-year historical past, the Worldwide Boxing Affiliation (AIBA) will award medalists on the AIBA Males’s World Boxing Championships in Belgrade, Serbia, with prize cash, from a $ 2.6m complete prize fund.
The prize cash, an unprecedented quantity from AIBA, will likely be break up among the many medal winners in all eight weight classes on the upcoming world championships, held from the opening ceremony on at Štark Area October 24 to the finals on November 5-6.
The finalist will obtain most cash, with gold medalists and eventual world champions receiving $ 100,000 and silver medalists getting $ 50,000, whereas each bronze medal winners, that are the pair of dropping semi-finalists in every weight class obtain $ 25,000.
“It’s the first time AIBA will reward medalists of the World Championships financially, and that is the way it needs to be,” AIBA president Umar Kremlev mentioned.
“This cash is well-deserved bearing in mind the years of preparations required to earn a spot at AIBA’s high event and the efforts made.
“We all know this improvement will likely be a serious profit for our boxers. Not solely ought to they achieve success within the ring, but in addition self-sufficient and affluent.”
