The International Boxing Association (IBA) will increase the amount of grants awarded to national federations over the next four-year cycle, the organisation’s president has announced. Umar Kremlev .
Kremlev also said that IBA has received several offers for business cooperation and is in the process of selecting a sponsor.
“We are pleased to announce that we have withheld funds for the next four-year cycle to support our members, and the grants awarded will increase from $20,000 to $50,000 in 2024, reaching $100,000 per National Federation. in 2025.
We are currently in the process of selecting a business partner from several proposals we have received, and we are grateful to all companies that are ready to support boxing,” the Kremlin said in a letter to the federations, the text of which is quoted. . by the IBA press office.
The IOC announced on June 22, following a vote, the deprivation of recognition of the International Boxing Association (IBA). In 2019, the IOC temporarily withdrew recognition status from the IBA for economic reasons and due to a management crisis in the organization, and made demands for reforms. In 2023, the IBA allowed Russian and Belarusian athletes to participate in international competitions with national symbols, contrary to IOC recommendations.
An alternative World Boxing federation was previously organized, several countries left the IBA to join the new organization.
The Paris Olympic Games will take place from July 26 to August 11, 2024.
Source : MatchTV
I am Ashley Ortiz and I am a professional journalist working for Athletistic. My specialty is in sports journalism, particularly boxing. I have written articles for some of the most renowned publications on the subject, and my work has been featured across both print and digital media platforms.
