The Ghana Boxing Authority (GBA) and a media group have agreed to a five-year sponsorship deal worth US$ 1.7 million to organise the Ghana Professional Boxing League, which will commence in February.
According to the terms of the agreement, the GBA will get US$450,000 every year for two seasons to stage the competition, with the grand finale scheduled for December 26 earmarked to climax the season each year.
The annual funds are intended to support boxers’ purses, ring officials, and the organisation of fights. Twelve gyms have confirmed their participation, with contests expected in all weight divisions.
Mr Abraham Kotei Neequaye, President of the GBA, speaking at the launch and signing, said the agreement was a milestone that reaffirmed his organisation’s vision of creating a vibrant boxing scene.
Mr Neequaye expressed confidence that the league would eventually become a breeding ground for the sport’s next generation of world champions.
He believes that good competition and stipends for boxers will keep them motivated, passionate, and fit for international bouts.
He stated that the Authority will establish a two-week window every month to allow promoters and matchmakers to stage international bouts and that the league would have no impact on the staging of such bouts.
Mr Fadi Fattal of Imax Media Group disclosed that the arrangement with the GBA gave them exclusive broadcast, management, and promotional rights to the Ghana Boxing League and are ready to deliver high-quality boxing content that would serve the country’s boxing fans.
It will also encourage local boxing, which he believes is packed with talented individuals who require such a platform to succeed.
Mr Eric Mensah Bonsu, a representative from the Ministry of Youth and Sports (MoYS), lauded both parties for their efforts and pledged MoYS’ support for the event.