spacer
23 December 2010  
spacer
Sports Business Portal - Home
HOME|NEWS|REPORTS|DIRECTORY|SPORTS JOBS|TENDERS|CONFERENCES|SPECIAL CHRISTMAS OFFERS spacer
SPORTS BUSINESS | SPONSORSHIP | TV RIGHTS | VENUES | SPORTS TECHNOLOGY | ECONOMICS | SPORTS MARKETING | BIDDING | SPORTS EVENTS | NEWSLETTER >> spacer

Username
Password 
Register now
Lost Password?

spacer

News Menu

»All News
»News by Sport
»Agencies - Companies
»Bidding
»Media Rights
  »TV Rights
  »Mobile Rights
  »Internet Rights
»Sports Legacy
»Sports Economics
»Governing Bodies
»Sports Hospitality
»Anti-Doping
»Sports Recruitment
»Sports Security
»Sports Sponsorship
»Sports Betting
»Sports Business
»Sports Events
»Sports Law
»Sports Marketing
»Sports Venues
»Sports Technology
»Ticketing
»News by Location
spacer
spacer
spacer

News by Events

»Olympics
»Summer Olympic Games
  »London 2012
  »Rio 2016
  »2020 Olympics
»Winter Olympic Games
  »Vancouver 2010
  »Sochi 2014
  »2018 Winter Olympics
»FIFA World Cup
  »South Africa 2010
  »Brazil 2014
  »2018 FIFA World Cup
»EURO
  »EURO 2012
  »EURO 2016
»Rugby World Cup
  »New Zealand 2011
  »2015 Rugby World Cup
  »2019 Rugby World Cup
»Commonwealth Games
  »Delhi 2010
  »Glasgow 2014
»Asian Games
  »Guangzhou 2010
  »Incheon 2014
»Cricket World Cup
  »2011 Cricket World Cup
»Pan American Games
»Africa Cup of Nations
»America's Cup
»FIBA World C'ship
»All Sports Events
spacer
spacer
King boycotts AIBA Congress 
 02/11/2010
 
 
Related News Sections
»Governing Bodies
»Sports Business
»Europe
»UK

Other website sections
»Sports Market Reports
»Sports Jobs
»Tenders
»Directory
»Conferences
England's International Boxing Association (AIBA) executive member Paul King is boycotting this week’s AIBA Congress in Kazakhstan and has slammed the organisation’s leaders for being deceptive.

King, who is also the chief executive of the Amateur Boxing Association of England (ABAE), wrote a letter addressed to boxing friends and family – seen by Inside the Games – in which he explained his reasons for missing the two-day Congress that began on Monday (November 1).

King wrote: "I write to inform you personally why I have not attended the AIBA Congress as a current executive committee (EC) member.

"I believe that being elected democratically by a Congress of around 170 boxing federations around the world in Santa Domingo in 2006 was a true reflection of the health of our sport of boxing, unlike the status which currently exists for you in Almaty as over 50 per cent of our brothers and sisters are not allowed to participate or be recognised – they are suspended.

"Only 90 or so countries will be in attendance, the smallest AIBA Congress ever of its registered members, as opposed to the 196 members. Why?

“Some will say: ‘But you as an EC member Paul King voted for this.’

"On reflection, and being a man who comes from a democratic state and nation, I did change my mind, which is my democratic and transparent right, which I now voice.

"This I now do because I found that all those near 100 suspended federations [brothers and sisters in the boxing family] were not to play any part in AIBA whatsoever, including Congress and boxing competition, because they had not paid their annual AIBA subscriptions and it also became clear this barring of boxing federations would affect the forthcoming elections.

"I revisited my decision and changed my mind when I received information that suggested AIBA’s leader [C K Wu] had purportedly received first-class flights to and from the AIBA World Youth Championships in Azerbaijan totalling in the region of $18,000, which would have paid for 72 boxing federations’ annual $250 fees.

"How can this happen, in times of austerity around the world and when our sport is dying on the vine in 100 countries?"

As well as condemning AIBA for suspending various national federations, King – who failed to get enough support to stand against Wu as president – also criticised AIBA for a lack of transparency regarding its finances.

His letter continued: "I am led to believe I am the only individual and current elected member of the AIBA executive committee to have for the last eight weeks sought the full financial accounts from AIBA for the Congress as per statues.

"I have been refused by employees of AIBA (the people who serve you the membership) sight and copy of my requested information.

"The profit and loss statements for three-and-a-half years were sent out, breaching the statues of AIBA through delay.

"This information received is totally incomplete without any balance sheets (either annually or for the period in question) and without the auditors’ notes (which is the detail of the near 22,000,000 CHF expended by AIBA).

"The EC may have by now received this detail. As a member, I have not? This is poor financial management and governance by any standards.

"The Finance Commission of AIBA consists of only two non-elected members.

"The current governance and financial detail is weak and unclear, particularly set against the backdrop of AIBA’s near potential total exposure of 6,000,000 CHF against WSB [World Series of Boxing].

"This point is highlighted in the KPMG auditors’ letter to the Congress and in the previous auditors’ letter to the AIBA EC meeting in Morocco.

"The future financial stability of AIBA clearly rests firmly with the success or otherwise of WSB.

"I raise these issues as a wake-up call to you all and I ask the future AIBA executive committee to gain spirit and ensure they are the guardians of the sport, representing you all.

"The EC, when elected, will hopefully all be boxing men and women of stature and experience. Good luck to you all."
Back
 
 

Advertisement

spacer

Popular Sections

»Sports Events
»Sports Business
»Sports Sponsorship
»Sports Marketing
»Sports Economics
»Media Rights
  »TV Rights
  »Mobile Rights
  »Internet Rights
»Sports Venues
»Bidding
»Sports Technology
»Sports Hospitality
»Sports Legacy
»Sports Security
»Sports Agencies
»Sports Law
»Sports Recruitment
»Ticketing
»Governing Bodies
»Football Business
»Rugby Business
»Cricket Business
»Motorsport Business
  »F1 Business
  »Motorcycling
  »Nascar industry
»Golf Business
»Tennis Business
»Sports Betting Industry
»Horse Racing Industry
»All News
Media Partners

 Home   |  Site Map  |  Sports Industry Providers & Suppliers   |  Sports Jobs  |  Links  |  Sports Industry Newsletter  |  Sports Industry Conferences 
 Sports Industry Tenders  |  Sports Industry News  |  Advertise With Us  |  About Us  |  Contact    
spacer © 2010 Sports City. All rights reserved. spacer