The World Boxing Super Series, a tournament for top fighters with $50 million in prize money and the Muhammad Ali Trophy awarded to the winners, will be launched in September, organisers announced on Thursday.
The elimination tournament will feature two weight classes in the inaugural season with eight boxers in each category. The quarter-finals will be held in September and October, the semi-finals in January and February 2018, and the finals in May.
Half the 14 bouts will be staged in the United States and half in Europe on individual fight nights, according to preliminary plans with no deals yet in place with promoters or fighters.
“Boxing has really been missing a big tournament like the World Boxing Super Series,” Richard Schaefer, the former Golden Boy Promotions executive who is in charge of the U.S. side of the tournament, told reporters.
Schaefer said the winner in each weight class will pocket at least $10 million as prize money and bonuses will be paid through all rounds of the series.
They will also be awarded the golden Ali trophy, designed by Silvio Gazzaniga, who designed the FIFA World Cup Trophy.
“The fighters we want to attract should include current world champions, former world champions, young and rising stars, really a mix so you have the proper storylines,” said Schaefer.