AIBA Executive Committee extends deep appreciation to President Rahimov

Lausanne, March 26, 2019: Over the weekend, the AIBA Executive Committee extends met for a telephone conference, called for by the AIBA President Gafur Rahimov in order to discuss his decision to step aside from the Presidency in accordance with AIBA Statutes and Bylaws.

In light of this notification by the President, the Executive Committee have regrettably accepted this decision.

However, the AIBA EC would like to extend their great appreciation to President Rahimov for his commitment to the sport of boxing and for his efforts in helping to turn around the organization during his tenure.

During the AIBA Executive Committee meeting several EC members nominated Mohamed Moustahsane to step in as Interim AIBA President.

This nomination accepted by Moustahsane.

As per AIBA regulations, the AIBA EC will request to formally appoint him as Interim President by mail vote in the coming days.

The process should complete at the latest by the end of March to ensure that a smooth transition makes.

AIBA further received additional follow-up questions by the IOC ad-hoc inquiry committee last Friday afternoon, which will be answered by AIBA in due time.

AIBA is however surprised that no further information was provided with regards to the hearing requested nor did a hearing with the IOC ad-hoc committee take place.

Nonetheless, the AIBA EC is confident that this committee as well as the IOC Executive Board have enough information from AIBA to close the inquiry and move forward.

Finally, the interim audited accounts which closed on 31.12.2018 have now published.

Those accounts confirm the improvement in AIBA’s financial situation under President Rahimov’s mandate.

Notably that AIBA’s debt reduced by almost USD 3,000,000 in the last six months due to the exercised discipline and fiscal policies implemented.

The audit further confirms the reliability of AIBA’s projections presented early in 2019.

While AIBA remains over-indebted due to mismanagement of the past, the 2018 accounts show that AIBA’s financial situation is viable and that any outstanding debt will solve in the future, subject to its Olympic presence. —- AIBA