The International Boxing Association (IBA) said that they deducted $ 500,000 as the bonus fund for boxers to attend the World Young Boxing Championship 2024. This continues to be a move that IBA wants to keep the influence in the high -achievement boxing world, by ensuring financial benefits for members.
The World Young Boxing Championship 2024 took place in Budva, Montenegro from the end of October to the beginning of November. According to IBA, they will reward the boxers in the quarterfinals or deeper. The boxers stopped in the quarterfinals to receive 1000 USD each. The amount increased gradually to 2000 USD for bronze medal, 4000 USD of HCB, 8000 USD gold medals.
Sharing on the sidelines of the 2024 World Young Boxing Championship, Mr. Chris Roberts, Secretary General IBA said: “We are willing to do more to support the athletes. This is important to them, in the context of many boxers who will move up to play adult age in the next 1-2 years.”
Besides being rewarded with money, all boxers attending the World Young Boxing Championship 2024 were covered by the organizers of the organizers. They only cost a round -trip ticket cost. That helps many countries save money, and they exchange by sending more boxers to play.
As noted from IBA, the number of boxers participating in the World Young Boxing Championship 2024 is nearly 600 people. At the same time, the World Boxing also held the world boxing championship (equivalent to the youth tournament of IBA). The number of boxers attending the World Boxing tournament is only about 150 people.