London pulls out of World Series of Boxing
January 5th, 2010 - 10:34 pm ICT by IANS ( 2 comments )London, Jan 5 (IANS) The ambitious World Series of Boxing suffered a serious set-back even before it could get off as Britain is set to withdraw the London franchise from the revolutionary league because of a shortfall in money the sport is receiving in public funding.
The decision was taken after the British Amateur Boxing Association (BABA) felt that they cannot afford to deposit a non-refundable $75,000 to International Boxing Association (AIBA). BABA officials felt that in the current economic climate spending such a huge money would be too great a financial risk.
The inter-city tournament is due to start in September across three continents and each boxer would be offered $400,000 for a three-year deals. The series is being launched by the AIBA to prevent the loss of leading amateurs to professionalism in the lead-up to the 2012 London Olympics.
London was to be one of the European venues, alongside Milan and Moscow, and an unnamed city in Germany or Turkey. Each city will have a team of four boxers and it all the rules of professional boxing would be followed with no head-guards or vests. It has been designed to offer young amateur boxers an alternative to the pro ring by awarding substantial six-figure prize money.
- BBC promises evidence to IOC over Azerbaijan boxing claims - Sep 24, 2011
- World boxing chief awaits bribe evidence from BBC - Oct 07, 2011
- World boxing will come down hard on cheats in WSB - May 29, 2010
- Now a professional boxing series on IPL lines - Apr 23, 2009
- Indian women's boxing team to compete in China Open - May 26, 2011
- Punjab MP objects to 'no-beard' clause in boxing - Apr 23, 2010
- India one of 12 World Series Boxing franchisees - Jun 24, 2009
- Videocon bags franchise for World Series of Boxing - Jul 08, 2009
- Mumbai mall to host boxing match Friday - Dec 08, 2011
- Monica and Pooja settle for bronze at China Open boxing - Jun 02, 2011
- Wahlberg, Smith offered $1 mn for charity boxing match - Dec 21, 2010
- Indian boxers to compete in test event for London Olympics - Nov 22, 2011
- Jailed boxing champion spends Christmas with family - Dec 28, 2011
- Lawyers cancel goodwill trip to Pakistan - Sep 08, 2011
- Vikas enters final of Olympic boxing test event, Dinesh claims bronze - Nov 27, 2011
Tags: 2012 london olympics, aiba, amateur boxers, amateur boxing association, boxing london, british amateur, economic climate, european venues, financial risk, inter city, international boxing association, london jan, prize money, professional boxing, revolutionary league, shortfall, six figure, three continents, unnamed city, young amateur
May 27th, 2010 at 8:35 pm
“$75,000 to International Boxing Association (AIBA). BABA officials felt that in the current economic climate spending such a huge money would be too great a financial risk.”
Thats A bunch of bologna how can not invest in the future you set the stage they will come you might as well just that Europe doesnt need the wsb I think its a great oppurtunity for both sides of the sport amatuer and professional to come together and benefit
find a resolve and follow through with your commitments you owe it that much after all this is the genre in which keeps you all employed so work for her not yourselves
May 27th, 2010 at 8:45 pm
$75,000 to International Boxing Association (AIBA). BABA officials felt that in the current economic climate spending such a huge money would be too great a financial risk.”
That’s A bunch of bologna, how can you not invest in the future. You set the stage they will come, you might as well just say that Europe doesn’t WANT the WSB for one either two reasons, the system in play works for them or these are just another bunch of stubborn investors. I think its a great opportunity for both sides of the sport both amateur and professional to come together and benefit.
You must find a resolve gentlemen and follow through with your commitments, you owe it that much after all this is the genre in which keeps you all employed so work for her not yourselves!!