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  Sports   In Other sports  30 Apr 2020  BFI has not paid host fee for past event as well: AIBA

BFI has not paid host fee for past event as well: AIBA

PTI
Published : Apr 30, 2020, 1:23 pm IST
Updated : Apr 30, 2020, 1:23 pm IST

World governing body for boxing showed a lot of patience and comprehension, agreeing on numerous successive repayment plans

Boxing
 Boxing

New Delhi: The Boxing Federation of India has still not paid "almost two thirds" of the host city fee for conducting the 2018 women's world championship, the International Boxing Association (AIBA) has said, accusing the BFI of failing to "comply with its obligations.

After the BFI stated that AIBA acted in haste by taking away the 2021 men's world championship from the country for non-payment of host city fee, the global governing body hit back in a statement late Wednesday night.

 

"The decision by AIBA was also prompted by the fact that almost two thirds of the Host Fee due by BFI for having hosted the 2018 AIBA Women's World Boxing Championships remains outstanding to date, more than 18 months after the event," the AIBA stated.

"This host fees should have been paid by BFI in the summer of 2018. AIBA showed a lot of patience and comprehension, agreeing on numerous successive repayment plans, which were never respected by BFI," it added.

The AIBA, which has been suspended by the IOC for financial and administrative mismanagement, did not disclose the amount which is due to be paid by BFI for the 2018 event, which was held in the national capital.

 

AIBA handed over the 2021 men's championship, originally allotted to India in 2017, to the Serbian capital of Belgrade on Monday.

The BFI had acknowledged the delay in payment for the men's event but blamed it on "procedural complications" arising out of the AIBA's failure to resolve "issues" with regards to the account in which the money was to be transferred.

The payment of what is estimated to be $4 million was due to be made on December 2 last year.

"AIBA also disputes the reasons given by BFI for not paying their dues to AIBA. Since June 2019, Serbia is no longer on the grey list of the Financial Action Task Force (FATF). BFI managed to make some payments to AIBA in the course of winter 2020," the AIBA said in its latest statement.

 

"In the current situation, AIBA cannot take the risk to suffer further losses caused by BFI's failure to comply with its obligations," it added.

Tags: boxing federation of india, aiba, world boxing championship, host fee
Location: India, Delhi, New Delhi