A review of Queensberry’s publicly reported financial statements revealed that the company was able to increase its annual profit before tax by 166 percent in 2024.
Queensberry Promotions is benefiting significantly from Saudi Arabia’s growing interest in boxing, which has reached new dimensions under the leadership of Turki Al-Sheikh, Chairman of the General Entertainment Authority. Queensberry was able to increase its annual pre-tax profit by an impressive 166% in 2024, as the boxing portal boxingscene.com reports. This massive increase in turnover is closely linked to the successful implementation of the first “Riyadh Season”, starting with the first boxing event in October 2023.
Queensberry’s financial success and growing presence in the Saudi market has made it the leading international boxing promotion alongside Matchroom. With prestigious events in Saudi Arabia offering high purses for fighters, the company is able to attract top boxers and put on first-class fights. Promoter Frank Warren’s stable includes IBF champion Daniel Dubios and the recently retired Tyson Fury, as well as heavyweights Joseph Parker and Zhilei Zhang and top talent Moses Itauma.
Nevertheless, the 2% fee levied by the British Boxing Board of Control (BBBoC) on fight purses is causing controversy. Critics, particularly from the USA, argue that this additional levy is unusual and may put fighters at a disadvantage. However, Queensberry defends the fee as necessary to ensure regulatory safety and medical standards at events in Saudi Arabia.
Text by Robin Josten