— Published 19 May 2021

A check for Asian Medalists


The arrival of Russian Umar Kremlev as president seems to have had a saving effect on AIBA’s finances. Long overdrawn, the accounts of the international boxing body would now be in the green. This is evidenced by the decision to allocate a prize money for the first time to the future medalists of the Asian boxing championships, scheduled from May 24th-31st in Dubai. A total of $400,000 will be distributed among the gold, silver and bronze medalists in each weight category. Each winner will leave the United Arab Emirates with a $10,000 check, the next two winners taking home $5,000 and $2,500 respectively. AIBA President Umar Kremlev commented: “We are following the original strategy. Boxers should be rewarded for their work. Not only will the money motivate the athletes, but it will also provide financial stability for them and their families.”