Kremlev concedes defeat with $16m offer to clear AIBA's debts
Umar Kremlev, secretary general of the Russian Boxing Federation, has revealed that the leadership of AIBA, the sport's international governing body, has turned down his $16 million offer to clear the organisation's debts.
Kremlev, a member of the AIBA executive committee, said he had been informed by interim AIBA president Mohamed Moustahsane that the federation does not need the money.
Kremlev said in a statement: "As for the refusal of AIBA from our help, this suggests that the AIBA leadership knows the situation better from the inside, whether they have debts or not."
The Russian executive said he had offered to "close the debts of AIBA" and allocate funds for the development of boxing if that would allay the International Olympic Committee's concerns and ensure boxing kept its place on the programme for the Olympics.
He added: "Our athletes should not doubt whether they will go to the Olympics or not; we, the leaders of the federations, must solve these issues. We made the proposal for the IOC and AIBA, but the decision in any case is taken by the leadership of AIBA. We take care first of all of the athletes and their coaches, as they have been preparing for years, given half of their lives, and some of them spend their entire lives to get to the Olympics. We must all understand what a colossal work it is, which is why they are the most important people for us. Boxing means athletes and coaches.
"For our part, we are always ready to come and help if the question concerns our sport and our athletes and coaches.It is our task to develop the sport of boxing so that it is the flagman of all world sports."
Kremlev had insisted that the $16 million would come from private funds, and not the Russian government.
Moustahsane's rejection of the money comes ahead of Sunday's AIBA extraordinary executive committee meeting in Lausanne, which itself comes four days before the IOC executive board is due to announce whether AIBA will remain as organisers of the boxing tournament at Tokyo 2020 after studying the report of an inquiry launched last November.
In March Gafur Rahimov stepped aside as president of AIBA amid allegations by the US authorities of being involved in criminal activities and following pressure from the IOC.