LAUSANNE, Switzerland — The boxing governing body declared rogue by the International Olympic Committee said on Wednesday it will pay $50,000 in prize money to each gold medalist at the Paris Games.
Super heavyweight champion Bakhodir Jalalov of Uzbekistan and the runners-up share centerstage at the 2020 Summer Olympics.
The IBA said it has a $3.1 million prize money fund for each male and female boxer who reaches the quarterfinals in 13 total weight classes, plus their coaches and national teams. The source of the money is unclear but the IBA led by its Russian president Umar Kremlev has been supported by the country’s state energy firm Gazprom.
The Olympic body did not support a pledge in April by World Athletics to pay $50,000 prize money to each of the 48 gold medalists in track and field in Paris.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IBA to offer prize money to all boxing medalists at Paris OlympicsLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
PH boxing team bags 4 bronze medals in Asian youth boxingDefining the News
Read more »
Hergie Bacyadan boosts Paris bid with rousing opener in Olympic boxing qualifiersHergie Bacyadan moves within two wins from qualifying for the Paris Olympics as she advances to the last 16 of the women's 75kg class in the second World Qualification Tournament
Read more »
Emma Lauren Malabuyo claims Asian gymnastics bronze, locks Paris Olympics slotDefining the News
Read more »
Paalam downs Greek foe to open final push for Paris Olympics slotMANILA, Philippines — Filipino boxer Carlo Paalam began his final push for a Paris Olympics slot by defeating Greek Alexie Lagkazasvili via unanimous decision in the second World Olympic Qualifying Tournament in Bangkok, Thailand on Friday evening, May 24.
Read more »
Gymnast Malabuyo clinches ticket to Paris Olympics; boxer Paalam opens bid on a high noteEMMA MALABUYO clinched the women’s all-around bronze medal at the Asian Artistic Gymnastics Championships on Fridayn night in Tashkent to grab a ticket to the Paris Olympics in July.
Read more »