Friday 5 June 2015 16:54, UK
The Golden Gloves ABC in Liverpool is the first boxing club to benefit from the help of the Matchroom Boxing Foundation.
The institution, founded in 1947, was forced out of the Toxteth base it has called home for 12 years due to rising rent prices this but has been subsidised with emergency funds and will look for new premises with help from Matchroom's new grass-roots foundation.
"Without this injection of money, the Golden Gloves ABC would be doomed,” said Golden Gloves ABC coach Kevin Barrett.
"We are thrilled to be the first boxing club to receive support from the Matchroom Boxing Foundation and after a dark few days the future looks bright for all the kids that use the club and the coaches here like Wayne Smith that work so hard to keep it going and to provide a vital service to the community."
Matchroom promoter Eddie Hearn said: "We have been investing in the elite end of the sport for many years and now it's time to give something back.
"Through the Matchroom Boxing Foundation, we plan to provide funding and resources that will enable clubs that are vital to the progression of youth in the community, to continue to strive and play the integral role they do.
"Everyone in boxing knows how important these clubs are to the local community and just how they can change people's lives. We must ensure others know the same."
The news comes ahead of a bumper Sky Sports bill in the city on June 26, which sees local lads Tony Bellew, Callum Smith and Rocky Fielding in action alongside Matchroom's latest signing Martin Murray.
Watch Fight Night at the Echo Arena, Liverpool, June 26 from 7.30pm, Sky Sports 3
