Boxing officials aim to save sport’s Olympic status by breaking away from Russian ties

Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com.

American and British boxing officials are among the leaders of a breakaway group launched Thursday with the aim of saving boxing's place at the Olympics.

The new federation, to be called World Boxing, is a rival to the 77-year-old International Boxing Association, which has been suspended from organizing the sport at the Olympics amid longstanding concerns about fair judging and the IBA's ties to Russia.

"Amateur, Olympic-style boxing was facing elimination from the Olympic Games," said USA Boxing president Tyson Lee, who is on the interim board of the new organization. "I can speak for the United States and many other national federations. We have a vested interest in maintaining a pathway to the Olympic movement and somewhere along the line that turned out to not be a priority for IBA."

UKRAINIAN BOXER WLADIMIR KLITSCHKO, BROTHER OF KYIV MAYOR, RIPS IOC FOR ALLOWING RUSSIANS TO COMPETE

World Boxing will be based in Switzerland and have a board consisting of athletes and officials, including Lee and GB Boxing chief executive Matthew Holt. Lauren Price of Britain, a gold medalist at the Tokyo Olympics in 2021, and silver medalist Richard Torrez Jr. of the United States are on the board as athlete representatives.

Elections for a president and a new board are planned for November.

"This is about the future of the sport," Holt said. "Our status on the Olympic program is on life support and we, as an organization, need to breathe new life into it. We want to operate in the best interests of the boxers."

A standoff between the IBA and the International Olympic Committee meant boxing was left off the initial program for the 2028 Olympics in