For the first time in AIBA’s 75-year history, medal winners at the forthcoming AIBA Men’s World Amateur Boxing Championships in Belgrade, Serbia will be rewarded with significant prize money from AIBA. The prize for first place is $100,000 USD. Silver medalists receive $50,000 USD, and both bronzes in each weight category receive $25,000 USD. The tournament will start on October 24th at Štark Arena in Belgrade and reach a pinnacle with 13 finals on November 5-6.
“It is the first time AIBA will reward medalists 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. We know this development will be a major benefit for our boxers. Not only should they be successful in the ring, but also self-sufficient and prosperous,” AIBA President Mr. Umar Kremlev said.
Hmmm I’m not sure what to think of this. Some athletes give it their all and don’t have any economic backup when they are totally committed to competition. Any thoughts fellow boxing friends?
Pretty sad that they’re trying to “buy” their way back to legitimacy…….They need to stay amateur and leave professional boxing to to the PROFESSIONALS!…..
Olympic Boxing doesn’t recognize AIBA (Fédération Internationale de Boxe Amateuras) a governing body in boxing anymore!
Hey what if that guy from the Raiders “suddenly” becomes a football owner! Way long over due great to see international boxing take the correct road. Manny Pacquiao becomes President the Klitchko brothers take Ukraine the other takes Russia Vladimir Putin exiles to San Jose California. The USA National Boxing Championships should pay too. For too long the Rocky movies made boxers look dumb or damaged at least some of got an excuse ha ha This is a great road for the entire sport. Amateur & Professional boxing is like one is water and the other is pavement. They are so painfully different.
So, they are no longer an amateur boxing organization anymore??
It is it’s own International level amateur boxing organization. They changed their name awhile back to International Boxing Association in an attempt (in my opinion) to mask their corrupt past deeds. It used to be that ALL amateur boxing had to go thru them at some point to get to the Olympics. But they lost that back in 2019 when the IOC suspended their recognition….They’ve been trying to break into the Pro ranks for some time now, but most if not all the MAJOR sanctioning bodies are totally against it. As well are most “developed” countries…
The sleaziness began with the World Series of Boxing where alleged amateurs were paid as pros, with pro rules.