Eddie Hearn says it’s ‘disgusting’ the Government have left boxing out of its £300m bail-out for elite sport as promoter slams decision for funding horse racing and rugby union
- Eddie Hearn has criticised the Government’s £300m bail-out for elite sport
- He said it was disgusting that Boxing had been left out of the support package
- The promoter also hit out at their decision to include Horse Racing and Rugby
Eddie Hearn has slammed the Government’s ‘disgusting’ decision to not include boxing in its £300million bail-out for elite sport.
Sports Minister Nigel Huddleston announced a coronavirus relief package on Thursday with 11 cash-strapped sports get through the winter and prevent many famous clubs from going bust.
Rugby union and horse racing were the two sports to get the largest amount of funding but grassroots boxing was left out of the package, a decision that has been heavily criticised by promoter Hearn.
Eddie Hearn has slammed the Government for leaving boxing out of its £300m relief fund
Hearn used Anthony Joshua as an example of how boxing can help change people’s lives
‘It’s so disgusting that the government are not supporting grassroots boxing,’ he said at the launch of The National Lottery and ITV’s Miss Out to Help Out project.
‘A huge amount of money is going into rugby and horse racing, yet nothing into a sport that’s saving people’s lives and that’s because they’re so far removed from those communities. They have no idea what boxing does in the community. They’ve never been to an ABC boxing club. You would only have to walk into one to see the kind of kids who are in there.
‘It’s keeping kids off the street, it’s keeping them physically in shape, mentally focused, it’s keeping them driven. Yet you want to put money into horse racing. These kids aren’t going to gravitate towards horse racing or rugby. There’s too many barriers to entry. You can walk into a boxing club around the corner in your community and change your life
Boxing promoter Hearn also criticised the decision to fund rugby union over boxing
WHO GETS WHAT IN THE GOVERNMENT’S £300M BAILOUT?
Rugby Union – £135million
Horse racing – £40m
Football – £28m
Rugby League – £12m
Motorsport – £6m
Tennis – £5m
Netball – £4m
Basketball – £4m
Ice hockey – £4m
Badminton – £2m
Greyhound racing – £1m
‘Go and talk to Anthony Joshua about what boxing did for him and where he’d be without boxing – in prison, dead, anything. They can help so many community clubs survive.’
The Department for Digital, Culture, Media and Sports (DCMS) will provide £44m to the Rugby Football Union, £59m to Premiership Rugby clubs, £9m to clubs in the Championship and £23m to clubs below the Championship.
Rugby at both club and international level has been hit hard by the ban on fans, with gate receipts at Twickenham alone accounting for 85 per cent of the RFU’s revenue.
Horse racing will receive £40m which will go to racecourses, who have also been hit hard by the absence of spectators.
England Boxing announced a £150,000 Tackling Inequalities Fund to target the financial burden on clubs in the most deprived areas of the country.
Hearn and his Matchroom Boxing has also contributed, helping a boxing club in Hartlepool raise £3,000 to repair their rotting floor.
Football has been granted £28m with the National League at steps one and two – which have already benefited from £10m in National Lottery funding to assist through to the end of 2020 – receiving £11m of that sum.
The other steps of the National League from three to six will receive half of the £28m allocated, while the top two divisions of women’s football have been granted just £3m.
Professional football, however, has been left out of the package with the Government making it clear they expect to solve its own financial slump, with discussions continuing between the Premier League and EFL about a bailout for smaller clubs from the top flight.
Cricket is not included in the announcement because the ‘Winter Survival Package’ is focused on sports which should be welcoming in spectators at this moment in time.
Horse racing will receive the second highest amount of the support package at £40m
Sports Minister Nigel Huddleston said funding had been based on an assessment of need
Sports Minister Huddleston said funding had been based on an assessment of need.
He said: ‘Over the past few weeks we have worked tirelessly with sport governing bodies and clubs across the country to fully assess what support is needed, as a result of the decision to postpone the return of fans.
‘We know the vast majority of sports – many of which operate on tight financial margins – have been making serious cost reductions, such as locking down grounds, taking up the furlough scheme for many staff and halting excess payments.
‘Whilst the Government’s overall economic package has provided a significant buffer, it is absolutely right that we now intervene to protect entire sports, and the communities they support, as we navigate this pandemic.’