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Sad News India lose hosting rights of 2021 men's world boxing championships...
#1

India lose hosting rights of 2021 men's world boxing championships after failing to pay host fee

India on Tuesday lost the hosting rights of the 2021 men's world boxing championship to Serbia after the International Boxing association alleged non-payment of host fee by the national federation, which claimed that AIBA "acted in haste".

The Boxing Federation of India acknowledged the delay but blamed it on "procedural complications" arising out of the AIBA's failure to resolve "issues" with regards to the account in which the money was to be transferred.

The payment of what is estimated to be USD 4 million was due to be made on December 2 last year.

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Bad news.
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