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AIBA Executive Committee meeting in
Moscow addresses key developments for boxing towards Tokyo 2020
Source: Press Release
July 25, 2017 |
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(JULY 25) The AIBA
Executive Committee convened in Moscow on 24-25 July to continue
the progress made over the past ten months for the development
of world boxing. Key decisions were reached on the host cities
for AIBA’s flagship international events, KPMG presented their
financial audit which was approved, and ahead of the start of an
exciting new partnership for world boxing, Alisports delivered
their vision for the global growth of the sport and for
unleashing AIBA’s marketing and online potential.
“In my position as this organisation’s President, a voluntary
role for which I claim no salary, AIBA since Rio 2016 has
undertaken to instigate a new era for boxing based on its key
values of integrity and transparency and the difficult decisions
that come with such duties. This policy has already seen us able
to scale up our events and bring in new sponsors and partners.
These two days of intensive meetings have truly confirmed the
positive direction that AIBA has taken over the past ten months,
but the emergence of a negative faction within the Executive
Committee that appears to be bent on creating a false narrative
in the media is undermining the organisation’s attempts to move
boxing forward. I was elected by and work for over 100 National
Federations, not 13 members of the Executive Committee."
“Over the past two days, this faction's focus on political
manoeuvring rather than the dynamic presentations that have
shown the bright future of our sport speaks volumes about their
priorities, but nonetheless important decisions were made that
leave me with the responsibility to build this new age for
boxing. When members of the Executive Committee threaten to walk
out of their meeting before having heard the financial audit and
reports they requested, it makes me question their motives for
being on the Executive Committee of a sport they claim to love,
while focussing on personal agendas and privileges. These
individuals have been on the powerful Executive Committee for
years and have been integral in all decision-making. The
indifference they have shown to the development of boxing has
been in marked contrast to the unity and hard work shown by AIBA
staff," said AIBA President Dr Ching-Kuo Wu.
The Executive Committee unanimously approved the KPMG audit and
financial reports, and were pleased to receive solid factual and
documented elements showing that AIBA’s alleged responsibility
to repay an FCIT investment of $19m is groundless, contrary to
media reports. KPMG’s representative presented the EC with an
audit for the first time in three years, noting the improved
financial transparency and cooperation since Rio 2016. It was
agreed that the financial situation and positive forecasts, with
significant increases in hosting fees sponsorship and licensing
income, will be communicated to all AIBA member federations in
the second half of the year.
The hosting rights for the 2019 and 2021 Men’s World Boxing
Championships were awarded to the Russian city of Sochi and
India’s capital New Delhi, the Women’s World Championships for
2018 and 2019 to Trabzon in Turkey and New Delhi respectively,
and Moscow will host the 2018 AIBA Congress.
The strength of AIBA’s Confederations was underlined during
presentations by their respective Presidents that reflected on
strong development programmes, including the ground-breaking
Year of Africa legacy project, and the five Continental
Championships held earlier in the year that qualified 260 boxers
for what will be the most high-profile AIBA World Championships
to date in Hamburg
In the next three months, an Extraordinary Congress will be held
to examine the issues that have emerged within the EC members
over the past two days in complete transparency with AIBA’s 201
member federations.
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