In a significant move for the world of boxing, the Court of Arbitration for Sport (CAS) has dismissed the International Boxing Association's (IBA) appeal against its derecognition by the International Olympic Committee (IOC).
The IOC made the decisive move in June, stripping the IBA of its status as the sport's international federation. This decision was rooted in the IBA's failure to implement essential reforms in governance, financial management, and ethical standards.
According to the CAS statement, the IOC's decision was influenced by a recommendation from the IOC Executive Board dated June 7, 2023. This recommendation followed a prolonged evaluation process that began shortly after the Rio 2016 Olympic Games.
The IOC had mandated the IBA to undertake several measures to address serious concerns related to its governance and financial stability. However, the IBA fell short in meeting these conditions, particularly in enhancing financial transparency and diversifying revenue streams. Additionally, the IBA did not reform its processes related to referees and judges, which was crucial for maintaining the sport's integrity.
The CAS emphasized that the IBA's inability to implement all the measures proposed by the IOC's Governance Reform Group, including fostering a culture of transparency and accountability, was a decisive factor in upholding the IOC's decision.
In response to the derecognition, the rival body, World Boxing, announced last month its intention to seek recognition from the Olympic organizers. This move aims to ensure that boxing remains a part of the program for the upcoming 2028 Los Angeles Games.
The CAS's ruling marks a pivotal moment for international boxing, highlighting the importance of governance and ethical standards in maintaining the sport's standing on the global stage.
Reference(s):
cgtn.com