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05/29 05:39 CDT Olympic boxing medalists in Paris promised cash prizes by rogue
governing body
Olympic boxing medalists in Paris promised cash prizes by rogue governing body
By GRAHAM DUNBAR
AP Sports Writer
GENEVA (AP) --- The boxing governing body declared rogue by the International
Olympic Committee said Wednesday it will pay $50,000 in prize money to each
gold medalist at the Paris Games.
The cash promise is doubly confrontational for the IOC, which has severed ties
with the International Boxing Association and does not approve of governing
bodies paying prize money to Olympic medalists.
The IBA said it has a $3.1 million prize money fund for each male and female
boxer who reaches the quarterfinals in 13 total weight classes, plus their
coaches and national teams.
The coach and national team of each Olympic boxing champion will both get
$25,000, and the scale of payments goes down to $10,000 in total for each
quarterfinalist.
The source of the money is unclear but the IBA led by its Russian president
Umar Kremlev has been supported by the country's state energy firm Gazprom. The
IBA promised $200,000 for gold medalists at its 2023 world championships and
committed to future increases.
"As IBA president, I will always fight for our athletes' well-being, and this
step is consistent in terms of the existing commitments we have already taken,"
Kremlev said in a statement.
The Olympic body did not support a pledge in April by World Athletics to pay
$50,000 prize money to each of the 48 gold medalists in track and field in
Paris. It has promised also to pay silver and bronze medalists in 2028 at the
Los Angeles Olympics.
The IOC has de-recognized the IBA, which will not be involved in organizing
bouts in Paris for the second straight Summer Games.
The IOC cited its concerns about the boxing body's governance, reliance on
funding from Gazprom, and the integrity of judges and bouts at the 2016 Rio de
Janeiro Olympics. Those games were organized when the boxing body was led by a
longtime IOC member, C. K. Wu.
Paris medalists are set to rewarded at "a special awards ceremony," IBA said,
after "successful passing of respective anti-doping procedures."
The IOC was contacted for comment.
Prize money to Olympic medalists has traditionally been paid by state
governments and national teams though not directly from money sourced to the
IOC, which prefers governing bodies invest in developing their sport below the
elite level.
World Athletics said its $2.4 million prize fund for champions in Paris would
come from its share of the IOC's revenues. Track's $39.5 million payment for
the Tokyo Olympics held in 2021 was the largest amount of a $540 million fund
allocated by the IOC.
Boxing's share of Olympic revenues from Tokyo was due to be more than $17
million but was held back by the IOC, which had to oversee running the
qualifying and finals tournament bouts.
The IBA also will not get money from the IOC's Paris revenues and a rival
organization of national federations, called World Boxing, is being established
to become the recognized governing body of Olympic boxing.
"We are setting a clear example for many," the IBA's chief executive Chris
Roberts said, "on how international federations should be treating their
champions."
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AP Summer Olympics: https://apnews.com/hub/2024-paris-olympic-games
