Russian makes $16M offer to help keep boxing in Olympics

first_imgInternational Olympic Committee (IOC) president Thomas Bach, left, from Germany, speaks with International Olympic Committee (IOC) Vice-President Zaiqing Yu, right, from China at the opening of the first day of the executive board meeting of the International Olympic Committee (IOC), in Lausanne, Switzerland, Tuesday, March 26, 2019. (Laurent Gillieron/Keystone via AP)LAUSANNE, Switzerland — A Russian official has offered to pay the International Boxing Association’s $16 million debt if the IOC keeps the sport in the 2020 Tokyo Olympics.Umar Kremlev, an AIBA executive committee member, made the offer in a letter to senior IOC officials overseeing an investigation into the embattled Lausanne-based boxing body.ADVERTISEMENT Bloomberg: US would benefit from more, not fewer, immigrants Trump tells impeachment jokes at annual turkey pardon event LATEST STORIES PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss View comments The Russian boxing federation released extracts Thursday at the same time the International Olympic Committee executive board discussed the ongoing AIBA inquiry. Issues include elected AIBA president Gafur Rakhimov, who American authorities say is an international heroin trafficker.“I am ready to close all the debts of AIBA in full, so long as our favorite sport remains in the Olympic program,” Kremlev wrote, according to the statement, which did not specify a source for the money.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logisticsKremlev has been secretary general of the Russian boxing federation since 2017, according to a biography on the AIBA website. Kremlev previously held a prominent role in the Night Wolves, a Russian motorcycle club with nationalist political views and links to the Kremlin, and has also managed professional Russian boxers Dmitry and Fyodor Chudinov.Company registration data lists Kremlev as the former owner of a security company using the Night Wolves brand and a jewelry firm. MOST READ AIBA said Wednesday it has “significant debts of over $16 million” and needs Olympic revenue from the IOC to survive.The IOC declined to give details of the interim report given to board members Thursday.A final report should be delivered on May 22 by a three-person panel, chaired by IOC board member Nenad Lalovic, the Serbian president of wrestling’s governing body.The boxing body questioned why a decision was not made Thursday , noting it had given the IOC several reports in the past year. They included steps to improve management, finances and improving fight judges.“This further delay has a direct impact on our athletes,” AIBA executive director Tom Virgets of the United States said in a statement, adding “it is a complete disaster for boxers around the world who are being left in limbo without any support or access (to) funding.”ADVERTISEMENT Colombia protesters vow new strike after talks hit snagcenter_img Private companies step in to help SEA Games hosting Cayetano: Senate, Drilon to be blamed for SEA Games mess Google Philippines names new country director Wintry storm delivers US travel woes before Thanksgiving Panelo: Duterte ‘angry’ with SEA Games hosting hassles Don’t miss out on the latest news and information. The IOC board could decide in May to drop boxing from the Tokyo lineup, or plan for men’s and women’s tournaments and qualifying events without AIBA’s involvement. The full IOC membership could vote to derecognize AIBA at their June 24-26 meeting in Lausanne.The IOC barred AIBA from contacting Tokyo Olympic officials when it opened the inquiry in November. That followed weeks after AIBA member federations defied IOC warnings by electing Rakhimov at a meeting in Moscow.Rakhimov, who has held senior positions with AIBA and the Olympic Council of Asia over the past 20 years, has consistently denied allegations linking him to organized crime in Uzbekistan. The claims helped prevent him from attending the 2000 Sydney Olympics and 2012 London Olympics.He is currently on a U.S. Treasury Department sanctions list that bars U.S. citizens and companies from doing business with him. It has created problems for AIBA to use banks in Switzerland.Last week, Rakhimov moved to ease IOC concerns by stepping aside from the presidency, although he did not resign. AIBA statutes allow him to return within months.In Kremlev’s letter, he asked Lalovic and IOC president Thomas Bach “to support boxing and save AIBA in the Olympic movement.”Sports Related Videospowered by AdSparcRead Next Spurs retire Manu Ginobili’s jersey during emotional ceremonylast_img

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