LAUSANNE, Switzerland: The International Olympic Committee said on Friday that AIBA's ability to pay off its multi-million dollar debt was still unclear, reducing the chances of a swift end to the international boxing federation's Olympic suspension.
"We have been informed of AIBA's willingness to organise new competitions in order to generate revenues," IOC member Nenad Lalovic, who heads a task force to monitor changes to the boxing federation, told the IOC session. The IOC has demanded changes to AIBA's statutes, new leadership and a financial cleanup of the federation before it will lift its suspension."We are still awaiting information on which guiding principle the new statutes will be based upon and how the need for a new leadership team will be taken into account to support the new culture," Lalovic said.The IOC is racing to organise a series of continental boxing qualifiers this year while also preparing the tournament in Tokyo.
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