By Mauricio Sulaiman – WBC President – Jose Sulaiman’s son – Boxing was a founding sport of the ancient Olympics in Greece, and has been an Olympic sport since the first edition of the modern Olympic Games in 1904. The Olympic Games are organized by the International Olympic Committee (IOC), which is in full control of all aspects of competition: formats, rules, and all of the financial and commercial matters of the event, which is the most important event in the world .
The IOC is to run its activity based on the Olympic letter, which should outline the general spirit of Olympic competition. Today the Olympic letter has become secondary, and it is more commercially oriented than ever.