New Delhi: According to IBA President Umar Kremlev, the medal winners at the 2023 men’s world championships, which will be held in Tashkent in May, will receive prize money that breaks all previous records.
The prize money for the major competition will quadruple from the previous iteration and will be awarded in the Uzbek capital from May 1 to 14 of the following year.”For the first time ever, the prize pool will be capped at a record-breaking USD 5.2 million.” The prizes for first place are USD 200,000, second place is USD 100,000, and bronze medalists are each awarded USD 50,000. At a press conference, Kremlev stated
Boxing was initially not included on the Olympic roster for the 2028 Games in Los Angeles, which is a big setback for the sport.
In Kremlev’s opinion, the boxing community won’t be silent if the sport is excluded from the LA Games.
“Millions of people worldwide enjoy boxing, and we are growing.” Boxing is popular with almost a billion people. “If they try to exclude boxing from the Olympics, I believe that nobody will be silent,” he said.
“We will use all reasonable efforts to maintain boxing in the Olympics as a community and organization,” he stressed.Nikhat Zareen, the current world champion, recounted her life experience and offered support to the other attendees of the press conference.
“My place is IBA.” Being surrounded by my boxing family, I feel secure as a sportsperson. IBA’s award of cash for this achievement made me happy, and I thank them for that. “With money, I’ll purchase a home in Hyderabad,” Zareen remarked.