By Joe Koizumi
We feel sad, very sad, to hear that the Japan Boxing Commission (JBC) is in virtual bankruptcy and decided to be liquidated on Thursday in Tokyo, Japan. This isn’t an April fool. Ryohei Nagata, the chairman of the board of JBC directors, said, “The JBC’s administration will be continued even in the process of liquidation without bothering the Japanese boxing activities. It was caused by the JBC’s declining income in 2020 and 2021 due to the decrease of boxing promotions, which was mainly caused by the coronavirus pandemic since the beginning of 2020.”
The direct lethal shot to the JBC, however, might be the losing litigation against Kameda family with the JBC sentenced to pay a compensation of 100,000,000 Yen (some 833,333 USD) to Kameda brothers this February.
The JBC has suffered a red-ink balance of 30,000,000 Yen (some 250,000 USD) for 2020, 26,000,000 Yen (217,000 USD) for 2021 and 50,000,000 Yen (417,000 USD) for this year. It is the JBC that kept losing in a series of lawsuits and was ordered by the court to pay the penalties to the plaintiffs.
Nagata explained the JBC would embark on the reconstruction by asking for financial support from some influential enterprises although the JBC’s account has been already under attachment by Kameda’s attorney. He says, “We will faithfully observe the court’s order.”
The JBC was established in April 1952 just before our first world champ Yoshio Shirai had an ambitious world shot at Dado Marino of Hawaii at the Korakuen Baseball Stadium on May 19 that year. The JBC under its name has closed a long history of 70 years as the regulating body, but there will be a new alternative domestic organization to regulate and supervise the boxing activities soundly with all the current board of directors to resign.
I would love to learn the same news about the blood sucking alphabet boxing organizations, especially the WBC and WBA. One day I hope….
If I recall correctly, once upon a time Graciano Rocchigiani almost got the WBC to fold because of a judgment he had won against them, but they came to a last minute settlement before the WBC bankrupted.
Rocchigiani had crushed the WBC. They were headed for a Chapter 7 liquidation. And, inexplicably, not to mention tragically? He took his foot off its windpipe and let it live.
The WBC is so basal to boxing, it is so unrealistic to imagine boxing without the WBC. It is not perfect, just like Jesus and Banks, it will be very hard to go without the WBC, anarchy and lots of disOrdo
I could imagine it not existing quite easily.
Good, they acted from a moral
High horse trying to scold any boxer who showed personality and didn’t show utter and blinded compliance with their ever increasing disciplinarian authoritative attitudes when they were only supposed to officiate the boxing.
Well they did a good job.. bad move on the Kamada Brothers.. JBC did do wrong with those boys.. but its a mistake.. time to move on.. hopefully another Japanese Board of Boxing.. can take affect.. I like JBB… Japanese Board of Boxing.. is a good name.. they should you my Idea.. ahahahaha Yeah and the NEW JBB!
Whatever their new governing body ends up being, Joe Koizumi should be its commissioner if he’s interested!
I’ve been reading Joe Koizumi’s articles for years. He’s the best!