Img And World Series Boxing To Split

It has been confirmed that IMG is to part company with the World Series of Boxing at the end of the International Boxing Association (AIBA) project, in its inaugural season.

The sports marketing and management company held a 25% share in the series, which will now be acquired by AIBA, making the International Federation the 100% owner of the World Series.

The first World Series of Boxing began in November and will conclude later this month.

A statement from AIBA said: ‘The World Series of Boxing would like to clarify that IMG and the WSB have taken a mutual decision for IMG to cease activities as the exclusive sales agent on sponsorship and TV distribution for the World Series of Boxing and, as a consequence, for IMG to transfer its shareholding in the World Series of Boxing back to AIBA, the International Boxing Association’.

A joint statement released by the two organisations insisted that both companies were pleased with the success of the inaugural season.

The statement also revealed: ‘Since the season started World Series of Boxing and IMG have been in discussions on the respective roles of each organisation beyond the first season of the tournament’.

‘During these discussions it emerged that there were different expectations as to how the partnership should develop’.