NEW DELHI: After dominating Asian Boxing arena, the Indian boxing is to shine on the world map as the nation got the franchisee in World Series of Boxing (WSB). The series is likely to begin in September this year. WSB Chief Operating Officer Ivan Khodabakhsh confirmed the news but deny to give further details as the deal of finalising the franchisee is underway. Khodabakhsh told that India is among the eight franchisees that have selected by the International Boxing Association (AIBA) so far.
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. He, however, refused to divulge the name of the corporate house that has obtained the Indian franchise. 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 borrows heavily from 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. 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. AIBA has so far shortlisted 100 pugilists for the event and the franchisees will take their pick during the this year's World Championships in Milan.
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