{"id":12063,"date":"2024-05-29T17:10:31","date_gmt":"2024-05-29T17:10:31","guid":{"rendered":"https:\/\/ugandaupdatenews.com\/?p=12063"},"modified":"2024-05-29T17:10:34","modified_gmt":"2024-05-29T17:10:34","slug":"iba-to-pay-prize-money-to-boxing-olympians-based-on-their-paris-2024-placings","status":"publish","type":"post","link":"https:\/\/prowebinhost.com\/anzu\/iba-to-pay-prize-money-to-boxing-olympians-based-on-their-paris-2024-placings\/","title":{"rendered":"IBA To Pay Prize Money To Boxing Olympians Based On Their Paris 2024 Placings"},"content":{"rendered":"\n

By Our Sports Writers<\/strong><\/p>\n\n\n\n

The International Boxing Association (IBA) leadership has taken a bold decision to award all Olympic champions and medallists of Paris 2024 allotted prize money.<\/p>\n\n\n\n

The unprecedented move in the history of the sport is aimed at supporting the athletes, coaches, and National Federations, as well as underlining IBA\u2019s commitment to delivering the best support for its athletes, based on their hard work and dedication to the sport of boxing.<\/p>\n\n\n\n

\u2018We support all our athletes participating in the 2024 Olympics, and on behalf of the entire international boxing community, I am extremely proud to announce that all Paris gold medallists in the boxing tournament will receive a substantial financial reward of $100,000. <\/p>\n\n\n\n

Out of this amount, the athlete will receive $50,000, their National Federation will receive $25,000, and their coach will receive $25,000. For a silver medal, $50,000 prize money will be awarded, with the athlete receiving $25,000, and the remaining $25,000 being distributed evenly between the coach and the National Federation. <\/p>\n\n\n\n

For a bronze medal, we will provide $25,000, of which $12,500 will go to the athlete, and $12,500 will again be distributed evenly. Additionally, athletes who lost in the quarterfinals and finished 5th, will each receive $10,000 from IBA, making the total prize money fund commitment equalling more than $3.1 million USD distributed to over 100 boxers,\u2019 IBA President Umar Kremlev stated.<\/p>\n\n\n\n

\u2018Our athletes and their efforts must be appreciated,\u2019 President Kremlev continued. \u2018The IBA offers opportunities and invests considerably in our boxers, they remain as the focal point, and we will continue to support them at all levels.\u2019<\/p>\n\n\n\n

\u2018We pride ourselves on being among the pioneers in rewarding the athletes for their Olympic successes. As IBA President, I will always fight for our athletes\u2019 well-being, and this step is consistent in terms of the existing commitments we have already taken. I am looking forward to this opportunity to honour the new champions, medallists, and quarter-finalists from Paris 2024,\u2019 he added.<\/p>\n\n\n\n

“The IBA announced prize money for Paris following its multiple statements on the necessity of the move. The IBA is proud to be at the forefront in offering a tangible reward for all quarter-finalists of the 13 weight categories made available for this event.”<\/p>\n\n\n\n

A special awards ceremony to honor the Paris Olympic medallists will be announced shortly. The winners will be awarded IBA prize money following their successful passing of respective anti-doping procedures.<\/p>\n\n\n\n

Editor:msserwanga@gmail.com<\/strong><\/p>\n\n\n\n

<\/td><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"

By Our Sports Writers The International Boxing Association (IBA) leadership has taken a bold decision to award all Olympic champions<\/p>\n","protected":false},"author":1,"featured_media":12064,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[65],"tags":[],"class_list":["post-12063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2024\/05\/R-1.jpg","jetpack-related-posts":[{"id":14102,"url":"https:\/\/prowebinhost.com\/anzu\/the-life-and-times-of-george-foreman-boxing-legend-and-entrepreneur-dead-at-76\/","url_meta":{"origin":12063,"position":0},"title":"The Life And Times Of George Foreman, Boxing Legend And Entrepreneur, Dead At 76","author":"UgandaUpdate","date":"March 22, 2025","format":false,"excerpt":"George Foreman, the former heavyweight boxing champion turned business entrepreneur who was part of some of the sport's most memorable matches and moments, died Friday at the age of 76, his family announced. \"Our hearts are broken. 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Several concert goers sustained injuries and\u2026","rel":"","context":"In "Music & Entertainment"","block_context":{"text":"Music & Entertainment","link":"https:\/\/prowebinhost.com\/anzu\/category\/music-entertainment\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/01\/spice-2.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/01\/spice-2.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/01\/spice-2.jpg 1.5x"},"classes":[]},{"id":3803,"url":"https:\/\/prowebinhost.com\/anzu\/meet-robert-walker-the-tokyo-2020-commentator-who-has-won-ugandan-hearts-for-his-knowldge-and-love-for-uganda\/","url_meta":{"origin":12063,"position":3},"title":"MEET ROBERT WALKER THE TOKYO 2020 TV COMMENTATOR WHO HAS WON UGANDAN HEARTS FOR HIS KNOWLDGE AND LOVE FOR UGANDA","author":"UgandaUpdate","date":"August 8, 2021","format":false,"excerpt":"The Uganda delegation at the 2020 Tokyo Olympics met with British Robert Walker, who has been commentating on the races involving the Uganda team. 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