Troubled boxing body AIBA was stripped of Olympic status on Wednesday and the IOC will now organise qualifying and final tournaments for the 2020 Tokyo Games.

​Troubled boxing body AIBA was stripped of Olympic status on Wednesday and the IOC will now organise qualifying and final tournaments for the 2020 Tokyo Games.

AIBA had created "very serious reputational, legal and financial risks" for the IOC and its stakeholders, not just the American ones, Olympic inquiry panel chairman Nenad Lalovic said.

​International Olympic Committee members voted Wednesday to endorse the executive board's recommendation last month to suspend AIBA's Olympic status.
Lausanne-based AIBA has said it is near bankruptcy with debts of about £13.4m ($17m). It is cut off from income from Tokyo revenues, and the 2019 world championships for men and women in Russia are now devalued without the lure of being Olympic qualifiers.
AIBA has an emergency meeting scheduled for Thursday in Geneva. Lalovic is expected to represent the IOC and meet AIBA executive committee members aiming to retain a role in the plan for Tokyo.