AIBA announces $400,000 prize fund for Asian Boxing Championships
What's the story
In an unprecedented move, the International Boxing Association (AIBA) on Tuesday announced a prize fund of $400,000 for the upcoming Asian Championships in Dubai, which will also feature India's top pugilists. The tournament, which was originally planned in India but shifted to Dubai because of the COVID-19 pandemic, begins on May 24. It will feature both men's and women's competitions.
Prize money
This will motivate boxers to do their best: AIBA President
"For the boxers who take first place, both men and women, the award is $10,000. For the second, the prize money is $5,000 and for both bronze medallists, it is $2,500 each," the world body announced in a statement. The prize rules apply to each weight category. AIBA President Umar Kremlev said that the decision will motivate the boxers to do their best.
Boxers
The money will ensure financial stability: Kremlev
"Boxers should receive a reward for their hard work. Not only will money motivate athletes, but also ensure the financial stability of them and their families," he said. "All we do is for the sake of our boxers, they are our most important persons. I wish all participants of the Asian Championships to show their best in the ring and stay healthy," he added.
Championship
Mary Kom and Amit Panghal will headline India's campaign
India's challenge will be spearheaded by six-time world champion MC Mary Kom (51kg) and defending gold-medalist Amit Panghal (52kg) among others. Along 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 competition.