LAUSANNE, Switzerland — A Russian reputable has offered to pay the International Boxing Association’s $sixteen million debt if the IOC keeps the sport in the 2020 Tokyo Olympics.
Umar Kremlev, an AIBA government committee member, made the offer in a letter to senior IOC officers overseeing research into the embattled Lausanne-based totally boxing frame.
The Russian boxing federation released extracts Thursday at the equal time the International Olympic Committee govt board discussed the ongoing AIBA inquiry. Issues encompass elected AIBA president Gafur Rakhimov, who the American government says is a worldwide heroin trafficker.


“I am ready to shut all the money owed of AIBA in full, so long as our favorite game stays inside the Olympic program,” Kremlev wrote, in keeping with the statement, which did no longer specify a supply for the cash. Kremlev has been the secretary fashionable of the Russian boxing federation because of 2017, in line with a biography on the AIBA website. He formerly held a distinguished position in the Night Wolves, a Russian motorbike membership with nationalist political affairs and links to the Kremlin, and has managed professional Russian boxers Dmitry and Fyodor Chudinov.

Company registration statistics lists Kremlev as the former owner of a security organization using the Night Wolves logo and a jewelry firm. AIBA said Wednesday it has “enormous debts of over $16 million” and needs Olympic sales from the IOC to continue to exist. The IOC declined to provide information of the period in-between record given to board participants Thursday.

A very last document ought to be brought on May 22 via a three-character panel, chaired with the aid of IOC board member Nenad Lalovic, the Serbian president of wrestling’s governing frame. The boxing body wondered why a selection changed into not made Thursday, noting it had given the IOC numerous reports inside the past 12 months. They covered steps to improve management, finances, and improving fight judges.

This, also, put off has a right away effect on our athletes,” AIBA executive director Tom Virgets of the USA stated in an announcement, adding “it’s miles a complete catastrophe for boxers around the world who are being left in limbo without any guide or get right of entry to [to] investment.

In May, the IOC board could decide to drop boxing from the Tokyo lineup or plan for guys and women’s tournaments and qualifying activities without AIBA’s involvement. The full IOC club may want to vote to derecognize AIBA at its June 24-26 assembly in Lausanne. The IOC barred AIBA from contacting Tokyo Olympic officials whilst it opened the inquiry in November. That came weeks after AIBA member federations defied IOC warnings via electing Rakhimov at a meeting in Moscow.

Rakhimov, who has held senior positions with AIBA and the Olympic Council of Asia during the last 20 years, has consistently denied allegations linking him to organized crime in Uzbekistan. The claims helped save from attending the 2000 Sydney Olympics and 2012 London Olympics. He is on a U.S. Treasury Department sanctions listing that bars U.S. Citizens and corporations from doing enterprise with him. It has created issues for AIBA to use banks in Switzerland. Last week, Rakhimov moved to ease IOC issues via stepping aside from the presidency, even though he did not renounce. AIBA statutes permit him to go back inside months. In Kremlev’s letter, he asked Lalovic and IOC president Thomas Bach “to aid boxing and keep AIBA in the Olympic movement.”