World Boxing insolvent and on the ropes

The governing body, created in 2023 to replace the IBA in the Olympic movement, faces a major financial crisis. Internal documents and an independent audit warn its survival in 2026 depends almost entirely on unconfirmed IOC funding beyond its control. Established to 'save' Olympic boxing, the organisation is now at risk of becoming a failed project before it can consolidate its position. The audit describes World Boxing as being in a state of over-indebtedness under Swiss law, which constitutes