Exclusive by Sean Ingle

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Name: Exclusive by Sean Ingle
Date registered: February 9, 2016
URL: http://www.theguardian.com/sport/tennis

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  1. Aiba ‘risks bankruptcy’ as civil war erupts at top of amateur boxing — July 21, 2017

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Jul 21

Aiba ‘risks bankruptcy’ as civil war erupts at top of amateur boxing

• International Boxing Association in turmoil over repayments
• Management culture alleged to be neither inclusive nor transparent

Amateur boxing’s governing body, Aiba, faces the risk of bankruptcy after demands it immediately pays back millions of pounds in loans and investments it does not have, a senior figure in the organisation has claimed to the Guardian.

The revelation comes amid an increasingly bitter civil war inside Aiba, which has led to the resignations of its treasurer and finance director following claims they were sidelined by the president, Wu Ching-kuo. Earlier this month an executive committee member was also removed by Wu after raising questions about possible “deficiencies and irregularities” in Aiba’s finance and governance – before being dramatically reinstated by Swiss courts earlier this week.

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Permanent link to this article: https://www.theguardian.com/sport/2017/jul/21/aiba-bankruptcy-amateur-boxing-wu-ching-kuo