New pro boxing league in August

The Indian Art Revolution and Indian Boxing Council are set to launch Hellsbay Fight League comprising six teams jointly owned by 1,500 people.

The Indian Art Revolution and Indian Boxing Council are set to launch Hellsbay Fight League comprising six teams. (REPRESENTATIONAL IMAGE)   -  Getty Images

In a first-of-its-kind move, Indian Art Revolution (TIAR) and Indian Boxing Council (IBC) are set to launch Hellsbay Fight League (HFL) in August.

The HFL will be a professional boxing league in which each of the six teams will be jointly owned by 1,500 people. Shares will be sold to common people through Non-Fungible Tokens (NFTs) to invest in the teams.

READ| IOC member Alex Gilady of Israel dies at 79

The HFL, involving Indian boxers, will be held abroad, said a statement on Thursday.

For more updates, follow Sportstar on :