Categories: Sports

India loses hosting rights of men’s World Boxing Championships 2021

India lost the hosting rights of the men’s World boxing championship 2021 to Serbia. International Boxing Association (AIBA) has terminated the agreement signed in 2017 by India. India will also have to pay the cancellation fee penalty of USD 500.

Click Here To Get Test Series For SBI PO 2020

The elite competition, which would have happened for the first time in India, will now be held in the Serbian city of Belgrade. President of Serbian Boxing Federation, Nenad Borovcanin welcomed the Championships back to Belgrade after 43 years. According to AIBA Interim President Mohamed Moustahsane, Serbia has everything to organize a great event for athletes, coaches.

Why India lost the hosting rights of the Championship?

The Boxing Federation of India (BFI) which is headed by Ajay Singh has accepted the payment delay by the federation but it mentioned the procedural complications on AIBA’s part who failed to resolve the issues regarding the account in which the money was to be transferred.
The payment of what is estimated to be USD 4 million was due to be made on December 2 last year.

Important takeaways for all competitive exams:

AIBA Founded: 1946.
AIBA Headquarters: Lausanne, Switzerland.
AIBA President: Dr Mohamed Moustahsane.

Find More Sports News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.