The first WSB campaign got underway in November and will conclude later this month, while the team finals will take place on May 6-7 and the individual championships will be held on May 27-28. The split will see the AIBA acquire IMG’s 25% stake in the Series, making the International Federation the 100% owner of WSB.
“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,” read a statement from the AIBA.
A joint statement released by the two organisations claimed that “IMG and WSB are pleased with the success of the inaugural season of the World Series of Boxing”.
However, the statement added: “Since the season started WSB 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.”
