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WTF Council Meeting approves new Grand Slam Series in Muju

WTF Council Meeting approves new Grand Slam Series in Muju

The inaugural Grand Slam Champions’ series will be held in Wuxi, China next December / Fujairah grabbed the 2018 Grand Prix Final and World Team Championships / Hammamet, Tunisia, will host the 2018 World Junior Taekwondo Championships / World Grand-Prix 1 of 2018 and 2019 was awarded to Rome, Italy / The 2019 Grand-Prix Series 3 was awarded to Sofia, Bulgaria / The 2020 World Grand-Prix Final and World Team Championships was awarded to Tunis, Tunisia.
The 2017 WTF Council meeting, held today in Muju two days before the World Championships kick-off, approved a major addition into this year’s and the years to come Taekwondo calendar: the upcoming new super-elite Taekwondo series, to be inaugurated in December 2017 in Wuxi, China.
The event, a single elimination format, will invite 12 top athletes in each of the eight Olympic weight categories, based on their championship titles; an additional wild card will be awarded to the host city. Each tournament in the series will feature just one weight category, and will be enlivened with the razzmatazz of top sports presentation, specifically packaged for global TV.
The series will offer annual prize money of USD800,000, or USD100,000 per Olympic weight category (with USD70,000 for the victor, USD20,000 for the runner up and USD10,000 for the third place winner); this marks a huge step forward for Taekwondo. In addition, the top 2-3 players in the series will be offered commercial endorsements from the sponsor. The overall victor in each weight category over the three-year cycle will win an Olympic slot.
“We desperately need Taekwondo stars,” said WTF President Chungwon Choue, as he introduced the thinking behind the upcoming pro-series. “We have many talented athletes, but until now, we don’t have media stars.” Moreover, Taekwondo also lacks commercial muscle, Choue lamented. “Compared to boxing, our money is really nothing,” he said.
WTF Director General Jin-bang Yang then took the stand to deliver a presentation on the upcoming “Grand Slam Champions’ Series.” He noted that the most significant innovation the WTF has introduced since the 2012 London Olympics has been the elite Grand Prix series, which offers the sport’s top ranked athletes top-level competitive opportunities, ranking points and prize money.
However, the Grand-Prix series still lacks the Hollywood-style presentation of world-class sports events, such as pro-boxing, and top-level prize money. The aim of the new series, Yang said, is to package Taekwondo as a product for global TV audiences, with best-in-class sound, light, camera and pre- and post-production systems, thereby raising Taekwondo’s recognition and commercial value. The investor behind the Grand Slam series is Shanghai Jijin Investment Company, which will operate the new format in the city of Wuxi.
To ensure that the operation runs smoothly, the federation will establish a joint venture company with Jijin Investment to manage the Grand Slam project. In response to questions from the Council, Choue assured the Council that all appropriate legal steps were being taken; also 95 percent of the financial investment will be made by Jijin Investment.
Grand-Prix, World Beach Champs, World Junior Champs host cities
At the meeting, held at the Tirol Hotel and Resort in Muju, the WTF Council also approved an extra Grand-Prix to be added to the existing four-edition series over the next two years – in May, in Rome, Italy – and an annual World Beach Championships, following the success of the inaugural event in Rhodes, Greece, in May 2017.
In addition, the Council selected host cities for a range of upcoming events. After a blind ballot, Fujairah, UAE, beat out Sofia, Bulgaria, for the right to host the 2018 Grand Prix Final and World Team Championships. Hammamet, Tunisia, will host the 2018 World Junior Taekwondo Championships; the 2019 World Grand-Prix 1 of 2018 and 2019 was awarded to Rome, Italy; the 2019 Grand-Prix Series 3 was awarded to Sofia, Bulgaria; and the 2020 World Grand-Prix Final and World Team Championships was awarded to Tunis, Tunisia.
Other changes
In other business, the Council approved a number of agenda items to be placed to the vote of the WTF General Assembly in Muju on the 23rd. And motions approved by the Council included amendments to WTF Statutes.
One change was the formalization of (existing) honorary vice presidents roles. A second change was to the reporting requirements for MNAs; MNAs will also be allowed to pay their fees to the WTF in February every year, instead of the previous December, lifting a financial burden from many members. A third change was to the structure of WTF Committees, with the addition of six sub-committees in specialized areas. Committees have also been re-listed in alphabetic order.
Changes were also approved to Event Operation Rules and Ranking Bylaws, the latter being points for repechange. Alterations to the Para Taekwondo Competition Rules were approved for point allocations. The Council also approved new requirements for prospective international para Taekwondo referees.
The Council reviewed the federation’s financial and operational reports, and heard the latest information on updates to the Global Membership System.
Secretary General Hoss Rafaty briefed the Council on the Executive Committee meeting held earlier in the day. Rafaty asked for the broadest possible authority to be given to the WTF president to negotiate the new Grand Slam series. He also spoke about the duties of new Council members. Plans for the upcoming General Assembly and WTF elections on the 23rd were also presented
In a special agenda item, Choue presented African Taekwondo Union head General Ahmad Fouly with a special letter and black belt to give to Zein Youssef, an Egyptian boy who has successfully battled cancer. Choue acclaimed him for his courage and indomitable spirit.
Finally, the Council approved the text of a special declaration which will be made at the General Assembly on June 23.
Source: WTF

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