In the latest boxing news, the International Boxing Association (AIBA) has set $320,000 as a prize fund for the medalists at the EUBC U22 European Boxing Championships.

AIBA will award a sum of $8000 to the winners, $4000 to silver medalists and $2000 to the bronze medalists. The winnings are equal in all 10 weight categories amongst men and women. In a press release by AIBA, their president Umar Kremlev said, “We are taking care of our athletes’ well-being, therefore, it is crucial that we provide prize money for the medalists.”

“Boxers’ achievements should be recognized and valued. Personally for me, as a President, it is important to give opportunities to our athletes. Their hard work and dedication are outstanding and very respectable. I want to encourage them for further progress,” he concluded.

The EUBC U22 European Boxing Championships began on 17th June at Villaggio Lido d'Abruzzo, Italy with the finals being played on June 24th.