IBA President's Cup handbook lists $100,000 champion awards across 12 divisions

The bottom line

The IBA President's Cup handbook lists $100,000 per division champion, with the boxer's share $50,000, and 12 men's divisions for the Istanbul event instead of the 14 first advertised.

IBA President's Cup handbook lists $100,000 champion awards across 12 divisions
Photo via MiddleEasy · added

What we know

  • The handbook lists a $100,000 award per division champion; the winning boxer's share is $50,000, with 25% to the coach and 25% to the federation.
  • The handbook specifies 12 men's divisions, not the 14 advertised in September.
  • Runners-up earn $50,000, bronze medalists $25,000 each, and boxers out before the semifinals $1,000 per preliminary win.
  • IBA's Oct. 24 update continued to describe a $3 million overall prize fund and did not explain the differences from the launch figures.
The International Boxing Association's handbook for the inaugural IBA President's Cup in Istanbul lists a $100,000 award for each division champion. The winning boxer's share is $50,000 before bank charges and taxes, under a 50% athlete, 25% coach and 25% national federation split, according to MiddleEasy.

The latest rules specify 12 men's divisions rather than the 14 advertised in September. Runners-up earn $50,000 and each of the two bronze medalists $25,000. Boxers eliminated before the semifinals receive $1,000 per preliminary victory.

The September 14 launch release had listed $80,000 for first, $40,000 for second and $22,000 for third. IBA's Oct. 24 registration update kept the $3 million overall prize fund and did not explain the differences. The single-elimination tournament is open to eligible amateur and professional boxers.
 
Summary
The IBA President's Cup handbook lists $100,000 per division champion, with the boxer's share $50,000, and 12 men's divisions for the Istanbul event instead of the 14 first advertised.
Key points (one per line)
Each division champion's award is $100,000, split 50% athlete, 25% coach and 25% federation.
The handbook lists 12 men's divisions rather than the 14 advertised in September.
Runners-up get $50,000 and each bronze medalist $25,000; boxers eliminated before the semifinals earn $1,000 per preliminary win.
The IBA still describes a $3 million overall prize fund.
Also reported by (Name | URL per line)
MiddleEasy | https://middleeasy.com/boxing/iba-presidents-cup-handbook-prize-split-twelve-divisions-istanbul/

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