IBC signs Rs 100 crore deal with Sporty Solutionz, The Indian Boxing Council (IBC) and Sporty Solutionz have signed a 5-year deal under which the Sporty Solutionz will provide IBC Rs. 100 crore to boost professional boxing in India. The aim of the investment is to make India the global hub of professional boxing over IBC signs Rs 100 crore deal with Sporty Solutionzthe next five years.
iii. With this the active boxers will have opportunities to compete and earn while the retired will be part of a system as coaches to create champions and the beginners will have incentives and scholarships to stay focused on the sport.
iv. The first big event will be the IBC Fight Nights, starting from next January. This will be followed by a three-tier pro tour where city level Silver Glove and state level Golden Glove championships will provide an opportunity to the boxers to gradually qualify for National, Asian and World titles.
v. The first phase of the competitions will include only Indian boxers however, the level of competition will be raised by inviting top international professionals in the future, which in turn will uplift the competitive structure.
Indian Boxing Council(IBC) :
♦ IBC president : Brig. (retd.) P.K.Muralidharan Raja
♦ IBC Headquater : New Delhi
♦ Sporty Solutionz chief executive : Ashish Chadha
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