NEW DELHI (AFP) – The 2021 Men s World Boxing Championships have been moved from New Delhi to Belgrade, the International Boxing Association (AIBA) said on Tuesday.
In a statement, AIBA said it had terminated New Delhi s contract after it did not pay an agreed host fee, meaning that India will have to pay a cancellation penalty of $500,000 (461,366 euros).
The Boxing Federation of India (BFI) blamed AIBA for its inability to pay the host fee, saying that AIBA s bank account in Lausanne was “frozen”.
“AIBA could not resolve these issues,” Indian media quoted the BFI as saying.
“We have reasons to believe that the decision to change the venue of WCH-2021 was taken in haste without due consultation with BFI … the penalty that is imposed is shocking and surprising.”
The BFI added that it feels it has no obligation to pay any cancellation or penalty fees to AIBA and is working towards “an amicable solution”.
The AIBA was last year stripped by the International Olympic Committee (IOC) of its right to run boxing at the Tokyo Games due to serious mismanagement.