International Boxing Association: USD 2.6 million prize money for Worlds medal winners

NEW DELHI: In a first, the International Boxing Association (AIBA), on Thursday, announced a USD 2.6 million prize fund for next month's world championships in Serbia, where the gold-winners will walk away with a cheque of USD 100,000. The marquee event starts on October 24 in Belgrade. India will be represented by the gold-winners of its ongoing national championships.

"The prize money fund has been set at USD 2.6 million. The prize for first place is USD 100 000 USD. Silver medallists receive USD 50 000, and both bronzes in each weight category receive USD 25 000," read a statement from the governing body. AIBA President Umar Kremlev said the move is part of his efforts to place boxers at the core of all plans. "It is the first time AIBA will reward medallists of the World Championships financially, and this is how it should be. This money is well-deserved taking into account the years of preparations required to earn a place at AIBA's top tournament and the efforts made," he said. Agencies

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