In a first, AIBA announces USD 400,000 prize fund for Asian Boxing Championships

In an unprecedented transfer, the International Boxing Association (AIBA) on Tuesday introduced a prize fund of USD 400,000 for the upcoming Asian Championships in Dubai, which will even characteristic India’s prime pugilists.

The match, which was initially deliberate in India however shifted to Dubai due to the COVID-19 pandemic, begins on Could 24. It is going to characteristic each the lads’s ladies’s competitions.

”For the boxers who take first place, each women and men, the award is USD 10,000. For the second, the prize cash is USD 5,000 and for each bronze medallists, it’s USD 2,500 USD every,” the world physique introduced in an announcement.

AIBA President Umar Kremlev mentioned the choice will inspire the boxers to do their greatest.

”Boxers ought to obtain a reward for his or her onerous work. Not solely will cash inspire athletes, but in addition make sure the monetary stability of them and their households,” he mentioned.

”All we do is for the sake of our boxers, they’re our most necessary individuals. I want all of the members of the Asian Championships to point out their greatest within the ring and keep wholesome,” he added.

India’s problem will probably be spearheaded by six-time world champion M C Mary Kom (51kg) and defending gold-medallist Amit Panghal (52kg) amongst others.

Together with India, Afghanistan, Bahrain, Indonesia, Iran, Iraq, Jordan, Kazakhstan, South Korea, Kuwait, Kyrgyzstan, Laos, Macau, Malaysia, Mongolia, Nepal, Pakistan, Philippines, Qatar, Sri Lanka, Syria, Tajikistan, Thailand, Turkmenistan, United Arab Emirates, Uzbekistan and Yemen are registered to attend the competitors.

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