Advertisement: IBO Boxing
Advertisement
Boxingscene.com
Advertisement

AIBA Pays Off Massive Debt, Implementing Changes Demanded By IOC

The International Boxing Association (AIBA) has paid off all of their debts and is implementing the recommendations of the International Olympic Committee (IOC).

This information was indicated to TASS by the General Secretary of the Boxing Federation of Russia, Umar Kremlin, who is also a member of the Executive Committee of the AIBA.

umar-kremlev-22

Earlier, the IOC announced that the AIBA recovery process could only begin after the Olympic Games in 2021. AIBA's debts had amounted to $16 million.

"The AIBA has no debts as of today. The AIBA does not need to look at the IOC, it needs to do its own business. The AIBA is an independent organization, it is necessary to implement all the recommendations faster," Kremlev said.

On November 30, 2018, the IOC froze the plans for a boxing tournament at the 2020 Olympics. The decision was made after the start of the investigation into the AIBA, responsible for the qualification tournaments for the Olympic Games.

In May 2019, the IOC decided to keep the boxing tournament at the Olympics. However, and at the same time, the AIBA was deprived of their status in running the competitions, as it could not comply with the IOC requirements related to finance, management, judging and ethics.

Luke Furman covers boxing for bokser.org

User Comments and Feedback
Comment by Dasmius Shinobi on 04-08-2020

What is AIBA is cooking? Mmmm...... :thinking:

ADD COMMENT VIEW COMMENTS (1)
Advertisement
Top Headlines
Ellerbe: Tank Can't Look Past Santa Cruz; There's A Reason Why Leo Called Him Out Buatsi: I Have To Learn To Be Able To Hang With Beterbiev, Bivol Olympic hero/nursing school grad? Trials champ Fulghum chasing peculiar double dip Kieran Gething Making The Best of Things in Lockdown Mike Tyson Explains How Wild Lifestyle With Women Cost Him His Fortune Whyte Warns Chisora: You Want To Get Brutally Knocked Out Again? Tyson Fury: Wilder Will Be More Dangerous Than The Last Fight! Canada's Boxing Gyms Are Carefully Weighing How To Reopen Munguia Has Good Chance To Knock Golovkin Out, Says Beltran Carlos Baldomir Files Appeal, Attempts To Get Out of Prison Hearn Believes Fury Will Retire After Two-Fight Series With Joshua Wanderlei Silva Claims $10 Million Offer From BKFC For Mike Tyson Joseph Parker Ring Return Might Land in Queenstown Holyfield: If Mike Tyson Throws Bombs, I'll Throw Bombs Right Back Whyte: Ngannou Reminds Me of That Other Deluded Coward Wilder Pacquiao Hits Back at Mayweather: He's Envious Because He's Retired! Diego Magdanelo Excited By PBC Pact, Eyes Gervonta Davis Zayas: Amazing Experience Graduating HS, Completed What I Promised My Mom Martin: Kownacki Was Pretty F--ked Up; Don’t Know If He Can Come Back From Loss Danny Garcia: If Spence Ain't Better, Don’t Get In The Ring; Don’t Want No Excuses Michael Conlan Tips Crawford To Beat Spence Should They Fight Boxing Without Boxing: Greb - Live Fast, Die Young TJ Doheny: It's All About Coming Back, Winning Impressively David Price: I've Earned The Right To Decide When I Retire! BKFC To Up $20 Million Offer To Mike Tyson For Bare Knuckle Fight Barrientes Twins Celebrate High School Graduation National Interest Exemption Could Pave The Way To The Return Of Big Time Boxing WBC Prez: Mayweather Fight Could Have Ended Canelo's Career Promoter: Frank Sanchez Wants To Step-Up, Fight Champions Caraballo's Promoter Feels Time is Right For Shakur Stevenson Fight Tito Ortiz Says He Was Approached To Fight Mike Tyson ESPN Provides More Details On Summer Fight Dates, COVID Testing Protocol Jeison Rosario: I Don't Have Any Problem Making 154 And Plan To Stay Here Fury Co-Trainer Andy Lee: New Team, Gameplan Invigorated Tyson Frampton: Santa Cruz Has To Take Sole Responsibility For Third Fight Not Happening Jose Ramirez: Not Interested In Facing Catterall At All; I Want Taylor After Postol Hearn: We Need To Get Tougher With Fighters; Eradicate Easy Fights For Big Money Shawn Porter: I Would Rather Have Had Pacquiao's Career Than Mayweather's Eubank Jr: There's Only One Roy Jones, Can't Teach Any Fighter How He Fought Ellerbe Looking at Akhmadaliev, Roman or Fulton for Angelo Leo
Advertisement
Advertisement
Latest Forum Threads
Advertisement
Advertisement