India becomes a franchisee for WSB

 “Yes, India is one of eight franchisees selected by the International Boxing Association so far,” WSB Chief Operating Officer Ivan Khodabakhsh said from the AIBA headquarters in Lausanne, Switzerland.

“Four more franchisees remain to be picked and for that I would soon be travelling to America. By July, the whole process would be over and the details of the selected franchisees will be revealed,” said Khodabakhsh, also the AIBA Sports Director.

Khodabakhsh refused to reveal the name of either the Indian or the other three Asian franchisees. In all, 12 city-based franchisees -- four each from Asia, America and Europe -- will fight it out in an inter-continental series borrowing heavily from pro boxing.

Each franchisee will have a team of at least ten boxers with a maximum of three foreign imports in it. The franchisees will also get a pool of reserve boxers. “We are currently negotiating the terms of agreement with the franchisees that have been picked, including India. This is a very sensitive stage of discussion so no further details can be given as of now. We will make a large-scale public announcement soon after the formalities are completed,” said Khodabakhsh.

The boxers’ contracts, worth a minimum of $30,000 and a maximum of $300,000, will initially be of three years and they will get fixed salaries apart from bonus for every bout won.

The championships will feature boxers from five categories -- bantam (54kg), light (60kg), middle (75kg), light heavy (81kg) and heavy (91kg).

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