The IBA was owned by former baseball legend Dean Chance. Bob Arum had a long history of propping up second rate sanctioning bodies when he couldn't monopolize the more prestigious championships. Arum had a monopoly of the WBA for years when the WBC championship was far more established and prestigious. Arum even assisted the Latin Americans in stealing the WBA from the United States. Eventually, Arum regretted backstabbing the US commissions as nothing could stop Don King from paying bigger bribes to the WBA than Arum had been paying, and Arum began to lose control.
So Arum publicly outed the WBA bribery operation, named names, and tried to destroy the WBA. He then threw his weight fully behind the newly established IBF, hoping to have a monopoly of IBF titles the way he had with the WBA previously. But eventually, like with the WBA, Don King started paying the IBF bigger bribes than Arum was paying and Arum grew frustrated that he no longer had a monopoly of the IBF.
Arum then began promoting IBA title fights in hopes the IBA could replace the IBF. In the late 90s and early 00s, many major Top Rank cards, including huge Oscar De La Hoya pay-per-views featured the IBA world championship in the main event. However, the TV networks, media and public really rejected the attempt to present the IBA as credible, so Arum moved on to his next plan.
Years earlier, Pepe Cordero was the man Arum named by name as the leader of the WBA bribery operation and the man Arum paid all of his bribes to. This caused Cordero to be blackballed by the WBA and Cordero was furious with Arum and held a grudge for years.
Cordero founded the WBO due to being kicked out of the WBA after Arum outed him as the bagman. But after Arum's IBA plan flopped, Cordero was no longer in charge of the WBO, so Arum started taking over control of the WBO and has had a monopoly of the WBO ever since. Arum is directly responsible for why boxing has so many world titles.
The IBA's owner died and a couple years later, Steve Smoger just stole the name and restarted the IBA, although nobody really pays attention to it.
As for the WBU, Jon Robinson was the head of the IBF in Europe, but decided he wanted to control his own world title, so he left the IBF and created the WBU. The WBU closed down when Robinson died, but years later, like the IBA, new people came along and just stole the name. Two different new WBUs emerged. One in America and one in Germany. The one in America turned out to be controlled by a white supremacist who had tried to create an all white basketball league. Once that was discovered, the American WBU just kind of vanished. I think the fake German WBU may still exist though.
So Arum publicly outed the WBA bribery operation, named names, and tried to destroy the WBA. He then threw his weight fully behind the newly established IBF, hoping to have a monopoly of IBF titles the way he had with the WBA previously. But eventually, like with the WBA, Don King started paying the IBF bigger bribes than Arum was paying and Arum grew frustrated that he no longer had a monopoly of the IBF.
Arum then began promoting IBA title fights in hopes the IBA could replace the IBF. In the late 90s and early 00s, many major Top Rank cards, including huge Oscar De La Hoya pay-per-views featured the IBA world championship in the main event. However, the TV networks, media and public really rejected the attempt to present the IBA as credible, so Arum moved on to his next plan.
Years earlier, Pepe Cordero was the man Arum named by name as the leader of the WBA bribery operation and the man Arum paid all of his bribes to. This caused Cordero to be blackballed by the WBA and Cordero was furious with Arum and held a grudge for years.
Cordero founded the WBO due to being kicked out of the WBA after Arum outed him as the bagman. But after Arum's IBA plan flopped, Cordero was no longer in charge of the WBO, so Arum started taking over control of the WBO and has had a monopoly of the WBO ever since. Arum is directly responsible for why boxing has so many world titles.
The IBA's owner died and a couple years later, Steve Smoger just stole the name and restarted the IBA, although nobody really pays attention to it.
As for the WBU, Jon Robinson was the head of the IBF in Europe, but decided he wanted to control his own world title, so he left the IBF and created the WBU. The WBU closed down when Robinson died, but years later, like the IBA, new people came along and just stole the name. Two different new WBUs emerged. One in America and one in Germany. The one in America turned out to be controlled by a white supremacist who had tried to create an all white basketball league. Once that was discovered, the American WBU just kind of vanished. I think the fake German WBU may still exist though.
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