INDIA’S TRANSSTADIA SIGNS AGREEMENT AS NEW WSB FRANCHISE FOR 2011-2012 SEASON
TransStadia from Mumbai India is the latest owner of the global World Series Boxing India team. The company signs an exclusive ten-year deal in Astana Kazakhstan with World Series of Boxing, a property owned by AIBA, the apex body of the sport worldwide.
Transstadia’s Boxing team will operate out of Mumbai in cooperation with World Series Boxing & Indian Boxing Federation under AIBA guidelines & best practices using TransStadia’s knowledge of sports infrastructure and content development. TransStadia will oversee, host and manage all commercial rights of this sport in India. AIBA and Indian Boxing Federation will partner TransStadia on the technical side of the sport.
Mr. Udit Sheth, MD & CEO TransStadia said “Boxing has captured the imagination of the world for a long time and now its time for India to showcase some action. Indian boxers are capable of competing at the world level and we are sure our franchise will produce results. As team owners our goal is to create a culture of fitness and safety through picking up the art of boxing. The calibre of fitness required to punch effectively is extremely high and it is literally the survival of the fittest. Indians will very soon witness world class boxing in their cities”.
“TransStadia is proud to be a member of this prestigious event and we will be working very closely with AIBA and IBF to ensure the success of the Indian Boxing Team. The company will associate with the best in the business of sportainment to ensure success. Although the 1st bout is in November 2011 and we are prepared for this season. India is the next boxing powerhouse.
“Sport today worldwide plays a vital role in nation building, employment generation and has the potential to be a contributor to the national & state exchequers. TransStadia’s plan in India is to nurture talent, create sustainable infrastructure, contribute to the sports industry and revolutionize the perception of Sports in India. India has a huge pool of hidden talent that will now emerge on the global front. With the Olympics around the corner, this could be anyone’s fight.”
Commenting on the signing with a corporate from India, WSB Chief Operating Officer Ivan Khodabakhsh said, “I am delighted that we have a Mumbai-based team competing in the World Series of Boxing from Season II 2011 – 12. From the very beginnings of the idea for the WSB, we were convinced that there is huge potential for the tournament in India. Furthermore, the global dimension of the series is an excellent platform for TransStadia to showcase its image and innovative sports solutions on the international stage.”
AIBA President Dr Ching-Kuo Wu said “Having just seen India’s junior boxers scoop two medals here at the World Junior Boxing Championships in Astana, I am confident that boxing in India has a great future. The fact that India now has a franchise in the World Series of Boxing will act as a fantastic incentive for these youngsters to hone their skills, in the knowledge that a secure future awaits them in the world of AIBA boxing. I would like to thank TransStadia for their commitment to the World Series of Boxing. I believe that they have understood that this is a long-term project and I am convinced that their expertise in the sports industry in India will help to make this new venture a success.”
