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$10 MILLION PRIZE MONEY FOR NEW EVENT IBA TEAM WORLD CUP IN 2026, SAYS PRESIDENT UMAR KREMLEV

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IBA President Umar Kremlev has announced a new tournament Team World Cup in which a total of $10 million prize money will be at stake

▪️Each National Federation will pick their team for the newly introduced World Cup to take place in various countries with finals set to August and September
▪️Winners will receive $5m, runners $3m and $2m for third-placed team
▪️Rules and regulations of the World Cup event to sent to NFs in 2026

International Boxing Association (IBA) has allocated $10m for the newly introduced Team World Cup Tournament in 2026, President Umar Kremlev has announced.

Kremlev told participants attending the Global Boxing Forum in Dubai each National Federation will select the team to represent them in this tournament, another big statement from IBA on its commitment to commercialise boxing.

“The winners will receive $5million, runners $3million and $2million for third team,” said Kremlev who has revolutionised boxing since being elected in 2020.

The rules and regulations will be sent to all the IBA-affiated National Federations in early 2026.

He however did not specify whether IBA will cater for travel and accommodation expenses of the participating teams.

The World Cup matches will be held in various countries with the finals set for August and September in venues to be disclosed later.

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