I find it VERY HARD to accept and believe.
There are a few positives in it. The youth will be in the Madrasa, they will offer Salah, they will be kept away from Pubs, Bars and Clubs. But the positives are far less than the negatives.
Firstly, boxing is not exactly a sport promoted in Islam, it is not the same as wrestling. Hitting the face is not allowed in Islamic sports. There will be Music, Dancing, Scantily Clad dressed women all over the place as well as in the Boxing Ring.
So this is definately not a good move. My question is: Why has this been organised?
£5 Entry fee and all money will go towards the Madrasa! Is that even allowed due to the Haram that will take place because of it.

