Bankrupt Japan Boxing Commission (JBC) Liquidated

[Ruthless-RKO]

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.

[Boxing888]

Good, outdated power hungry commission that over stepped their authority with Kameda brothers

[gilgamesh]

So what's this mean for Boxing in Japan? Is it just over?

[gilgamesh]

Good, outdated power hungry commission that over stepped their authority with Kameda brothers

The culture is a bit strict and probably overreacted to the Kameda brothers, but the JBC and Boxing in Japan has been one of the most honest commissions I've seen throughout the sport. Judging, officiating, level of competition, quality matchups...for the most part all of this stuff is better in Japan than almost anywhere else in the world frankly.

The JBC should be praised for their years and years of quality contributions to the sport not maligned for their very few mistakes.

[Perseus]

Any outdated, tyrannical commission deserves to go under regardless of past good work.

JBC earned this result.

[Boxing888]

Good, outdated power hungry commission that over stepped their authority with Kameda brothers

The culture is a bit strict and probably overreacted to the Kameda brothers, but the JBC and Boxing in Japan has been one of the most honest commissions I've seen throughout the sport. Judging, officiating, level of competition, quality matchups...for the most part all of this stuff is better in Japan than almost anywhere else in the world frankly.

The JBC should be praised for their years and years of quality contributions to the sport not maligned for their very few mistakes.

If they were not corrupt they would not have lost in court

[margaret thatcher]

not sure what japan's like, but elsewhere in the world ppl and organizations can declare bankruptcy and just carry on like hardly anything happened.....in fact it often saves them a sh!tload of money and avoids payments. might not even impact japanese fights that much

[Ruthless-RKO]

So what's this mean for Boxing in Japan? Is it just over?

There was a card just a few days ago. Surely they’d more than one commission

[margaret thatcher]

it says administration will carry on like usual during liquidation......a new commission will probably then be formed by the same ppl. boxing in japan wont just suddenly end

[Ruthless-RKO]

it says administration will carry on like usual during liquidation......a new commission will probably then be formed by the same ppl. boxing in japan wont just suddenly end

Basically that..