New Dawn bemoans lack of funding
New Dawn Boxing Promotions managing director, Mike Chimaliza, has hinted that the stable might take a break from organising title fights due to lack of corporate support.
New Dawn has established itself in the local boxing circles as a major promoter of title fights.
Since Malawi Professional Boxing Control Board (MPBCB) imported belts from South Africa, only two stables have organised title fights. This year, New Dawn has organised two title fights.
The first fight saw Felix Mwamaso snatching the middleweight belt from Malawi Defence Force boxer, Alick Mwenda. New Dawn also promoted the rematch which allowed Mwamaso to defend the belt when he defeated Mwenda.
Before MPBCB imported belts from South Africa, New Dawn also organised titles fights for different boxers, including Wilson Masamba and Mwenda.
Chimaliza said the stable had not profited from the title fights.
Last week, the stable invested K1.5 million, but they registered a loss of about K700,000 as they collected about K800,000 at the gates.
“Seriously, we need corporate support. We have exhausted funding and we can’t go on like this,” he said.
Similarly, No Pain No Gain Boxing Promotions managing director, Craig Rousseau, also bemoaned the lack of corporate support following the postponement of the Knockout Malaria Bill.
Besides New Dawn, Superior Boxing Promotions owned by Japhet Majekete, also promoted a title fight which allowed Osgood Kayuni to defend the junior welterweight belt after beating Limbani Masamba on points.
A vibrant writer who gives a great insight on hot topics and issues