Pro Boxing in India to get lucrative, gets Rs.100-crore boost. Sports management company Sporty Solutionz to pump in the money.
Indian Boxing Council (IBC), the governing body for professional boxing in India, has entered into a multi-year commercial deal with sports management company Sporty Solutionz Private Limited.
Sporty Solutionz will pump in the money with the aim of making India the global hub for professional boxing over the next five years. The plan is to create Tysons and Holyfields in India.
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IBC has already initiated a basic structure for professional boxing’s growth in the country. The pan-India structure will cover all geographical zones — North, South, Central, East, West and North-East — in India.
Top notch boxers in India can expect lucrative contracts, whereas the young talents can expect incentives and scholarships.
“We have been looking for a right associate for commercial and professional success. Our commercial partners have an illustrious and long track record in the business of sports. That gives us right impetus and financial backing to establish pro boxing as the next big thing in Indian sports,” IBC.