MUMBAI: The International Boxing Association (AIBA) president Mohamed Moustahsane has ratcheted up the ogoing dispute with the Boxing Federation of India over undpaid dues, warning that BFI’s recognition would be revoked if the matter is not resolved.
Last month AIBA handed over hosting rights for the 2021 Men’s World Boxing Championships to the Serbian capital of Belgrade “after New Delhi didn’t fulfill its obligations to pay host fee as mentioned in the Host City Agreement terms”.
After the BFI claimed that AIBA had “acted in haste”, Moustahsane subsequently alleged that the BFI hadn’t yet paid “almost two thirds” of the host city fee for the 2018 women’s world championships, which was held in Delhi.
Now Moustahsane has publicly revealed the details of the dues involved.
“The total contract amount agreed between the AIBA and BFI for the men’s Worlds was $4,000,000 (Rs 300 million) and the first instalment – or half of the bidding fee amount of $2,000,000 – was agreed to be paid by the BFI by December 1, 2019,” Moustahsane told The Times of India.
He continued, “When the BFI didn’t pay $2,000,000 on the promised date despite several mails and reminders from the AIBA, we (AIBA) chose to exercise our right to impose a $500,000 penalty, which was part of the original contract, on the BFI for dishonouring the contract. So, now they will have to pay the penalty. In the meantime, the AIBA has also started the process of identifying a new host city for the men’s Worlds before accepting the hosting bid from the Serbian boxing federation in April.”
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