LAUSANNE, Switzerland: A new chapter ushers in annals of Indian boxing as India has become one of the 12 franchisees to have been selected by Indian Boxing Association (AIBA) for the high-profile World Series of Boxing (WSB) slated for September 2010. Videocon Industries Ltd has become the coveted corporate house that has bought the franchise rights for India’s representation at WSB. Delhi, the capital city of India will be chosen city for the franchise. The World Series of Boxing has been formed by AIBA in association with IMG.
Confirming the development, Dr. Ching-Kuo Wu, AIBA President & Chairman AIBA Board said, “It is our pleasure to welcome India as one of the 12 franchisee for the WSB. We were confident that there was tremendous potential for Boxing in this part of the world and there is a huge base for growing great talent. We also welcome Videocon Industries Ltd, for their participation and support and are confident that WSB will bring about a paradigm shift and signal a new era in professional boxing across the world.”
World Series of Boxing, slated to be launched in September 2010, is a new dimension in boxing that will bring out best of amateur and professional boxing in the world. A total of 12 city-based franchisees — four each from Asia, America and Europe and worth USD 10 million — will fight it out in an inter-continental series that is modeled on the lines of professional boxing. Each franchisee will have a team of at least 10 boxers with a maximum of three foreign imports in it. The franchisees will also get a pool of reserve boxers.
AIBA has so far shortlisted 100 pugilists for the event and the franchisees will take their pick during the year’s World Championships in Milan. These 100, picked by the WSB selection panel, also include Indians and an official announcement would be made by Indian Boxing Federation shortly. The pool would be increased to 200 very soon so that franchisees have reserves to fall back on in case their frontline boxers are not available for some reasons.
The boxers’ contracts, worth a minimum of USD 30,000 and a maximum of USD 300,000, will initially be of three years and they will get fixed salaries apart from bonus for every bout won.
WSB would give a boost to the sport in all catchments areas of the franchisees and federations making the sport more popular even in countries where the following is limited. The growth of the WSB will enable federations to encourage more grassroots participation and greater support from respective governments and National Olympic Committees will lay a greater successful foundation of boxing in their respective countries.
The Format of World Series Boxing
Team Competition:
* Teams in each region will compete against each other during the regular season.
* Each team will play its regional rivals four times – twice at home and twice away – resulting in a total of 12 matches per team.
* Each match will consist of five individual bouts, including one at each weight class.
* The top team from each of the three regions, plus a fourth (2nd best finisher) team will face each other in a play off format to determine the World Championship team.
Individual Championships:
* The individual championships for each weight class will take place after the conclusion of the play-off series.
* The top two boxers in the regular season will compete for the individual title of World Champion.
The Five Weight Categories:
* Bantam
* Light
* Middle
* Light Heavy
* Heavy
Schedule:
* Sep-Dec 2010 Regular Season
* Jan 2011 Play-off Series
* Feb-Mar2011 Exhibition Matches
* Apr 2011 Individual Championship Bouts
Rules & Scoring: The bout will be of five rounds, which would be three minutes each. The scores would be given by three judges on a 10-point system to be announced at the end of each bout. The boxers will not wear any headgear or vests.
* Credits to TG









