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AIBA launches World Series Boxing
India Blooms News Service
New Delhi, April 23: The International Boxing Association (AIBA), the world governing body for Boxing as recognized by IOC has entered into a comprehensive commercial partnership with IMG, the world’s premier Sports, Entertainment and Media Company to launch the World Series of Boxing (WSB), said a media release.
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World Series of Boxing, slated to be launched in September 2010, is a new dimension in boxing that will bring out best of amateur and professional boxing in the world. AIBA and IMG will be working closely with the Indian Boxing Federation (IBF) to introduce and popularize the Series in India, illustrate the investment outlook with potential partners and create suitable opportunities for the sport in India.
The World Series of Boxing will be held across three global regions of Europe, Asia and the Americas and will be the only professional series in which Boxers will retain their Olympic eligibility and federations will receive a return on their investments in boxers. The World Series of Boxing will crown both Individual Boxers and city-based teams as World Champions. AIBA in association with IMG has formed WSB SA.
The minimum fee for acquiring a franchise would be around USD 5 million for a total period of 10 years.
Ivan Khodabaksh, Chief Operating Officer, WSB and AIBA Sports Director said “Boxing has a great potential in this part of the world and we see India as a major franchisee and huge base for growing great talent. We are confident that WSB will bring about a paradigm shift and signal a new era in professional boxing across the world.”
Ravi Krishnan, Managing Director IMG South Asia and Sr Vice-President, IMG Worldwide said “AIBA’s expertise and authority in world boxing and sports management coupled with IMG’s sports marketing expertise, global reach, and extensive media rights business will provide the ideal impetus to ensure that WSB reaches ardent boxing fans around the world.”
The WSB will be an annual recurring, global competition featuring franchises in three regional conferences: Asia, Europe and the Americas. Each region will initially be comprised of four city-based franchises, and each franchise will field a squad of 10 boxers across the five weight classes designated by AIBA.
The competition will be comprised of three phases: “Regular Season” of league matches between franchise teams, Playoff series, and finally Individual championships for each weight class.
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