AIBA emerges unscathed after two days of 'intensive meetings'

2017/07/25 23:01:23 fontsize-small fontsize-default fontsize-big
From AIBA website

From AIBA website

Taipei, July 25 (CNA) The International Boxing Association (AIBA) has ended an "intensive" executive committee meeting in Moscow, vowing to continue the healthy development of the sport.

In a statement rebutting earlier reports that AIBA President Wu Ching-kuo (吳經國) -- the only Taiwanese who leads an international sports association -- faces charges of financial problems, AIBA said that during the meetings, auditor KPMG presented its financial audit, which was approved, and Alisports delivered its vision for the global growth of the sport and for unleashing AIBA's marketing and online potential.

Key decisions were also reached on the host cities for AIBA's flagship international events, it added.

The statement quoted Wu as saying: "In my time as this organization's president, a voluntary position 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 10 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 organization's attempts to move boxing forward."

"Over the past two days, this faction's focus on political maneuvering 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 of building 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 focusing 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 Wu.

The Executive Committee unanimously approved the KPMG audit and financial reports, and receive documents showing that AIBA's alleged responsibility to repay an FCIT investment of US$19 million is groundless, contrary to media reports.

During the meeting, 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, with the Women's World Championships for 2018 and 2019 going to Trabzon in Turkey and New Delhi respectively. Moscow will host the 2018 AIBA Congress.

The strength of AIBA's Confederations was underlined during presentations by their respective presidents that reflected strong development programs, 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, to be held in the German city of Hamburg.

An Extraordinary Congress will be held in the next three months to examine the issues that have emerged among its members over the past two days, which will take place with complete transparency for AIBA's 201 member federations.

(By S.C. Chang)
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