New Delhi:The withdrawal by their main sponsor notwithstanding, International Boxing Association (AIBA) President Ching-Kuo Wu on Wednesday said India will remain a franchise in next month`s professional-style World Series of Boxing.
The Indian franchise in the WSB had suffered a blow when main sponsor Videocon backed out of the event, starting November 19, citing "unavoidable circumstances".
The team `Delhi Tigers` comprised five home-grown stars -- Olympic bronze medallist Vijender Singh, Commonwealth Games gold medallist Akhil Kumar, Commonwealth champions Dinesh Kumar and Jai Bhagwan and Asian bronze medallist Jitender Kumar -- besides nine international boxers.
Despite the pullout by Videocon, Wu said the Indian franchise has the backing of AIBA and it will remain a part of the WSB`s 12-team roster.
"India will continue to remain a part of the WSB. The negotiations with Videocon are on convince them but even if they don`t come back, India will remain a franchise-holder in the WSB," Wu, who is here to watch the Commonwealth Games, told reporters here.
Wu said the AIBA would have no issues with even the Indian Boxing Federation stepping in as the owner of the team.
"The sponsorship is very flexible and we would have no issues with it (even if the Indian Boxing Federation comes in)," he said.
The Indian Boxing Federation is still looking for a sponsor for the team.