Russian boxing boss offers to clear AIBA’s debt

MOSCOW: Russian boxing chief Umar Kremlev has offered to settle the International Boxing Federation’s (AIBA) $16 million debt if it is allowed to remain in charge at the Tokyo 2020 Olympics.

His unorthodox approach comes with boxing’s fate in next year’s Games hinging on the outcome of the International Olympic Committee’s investigation into the scandal-ridden AIBA.

Kremlev, in a letter to the IOC, said he was "ready to close the debts of AIBA in full so long as our favourite sport remains on the Olympic programme". The IOC has frozen boxing’s preparations for Tokyo as it seeks proof that the AIBA has cleaned up its act sufficiently after allegations of bout-fixing at the Rio Olympics in 2016.

Its inquiry also covers AIBA governance and its anti-doping programme. Relations between the AIBA and IOC soured further when Gafur Rakhimov was elected its president in November.