AIBA DISMISSES BANKRUPTCY FEARS

The International Boxing Association (AIBA) has claimed a settlement agreement has been reached with Azerbaijani company Benkons MMC to repay a $10 million (£8 million/€8.5 million) loan following reports they are on the verge of bankruptcy.   Benkons director Hamid Hamidov had reportedly claimed there was no schedule to repay the loan that was given…