IOC Rejects IBA's Plan to Award Prize Money to Paris Olympic Boxers
The International Boxing Association's proposal to pay medalists faces scrutiny over financial transparency and governance issues.
- The IBA announced a $3.1 million fund to reward Olympic boxing medalists and their coaches.
- Gold medalists would receive $100,000, silver $50,000, and bronze $25,000, with additional funds for national federations.
- The IOC criticized the IBA for its lack of financial transparency and governance concerns, leading to its derecognition.
- The IBA's funding sources, including ties to Russia's Gazprom, have raised further questions.
- This conflict continues a longstanding dispute between the IOC and IBA over the management of the sport.
Sportico 
The Seattle Times 
ESPN 
Associated Press 
CNA 
