The International Olympic Committee (IOC) on Wednesday officially took over the boxing qualification and competition for next year's Tokyo 2020 Olympics and suspended international boxing federation AIBA following a vote at its session.
The IOC voted unanimously to implement a recommendation of its executive board to oust troubled AIBA from the Tokyo 2020 Games over issues surrounding its finances and governance and suspend the body until the issues are resolved.
AIBA has been in turmoil over its finances and governance for years with the federation $16m in debt and an ongoing bitter battle over the presidency that has split the body internally.
Serbian IOC member Nenad Lalovic, who heads an IOC task force to look into the ties with AIBA, earlier on Wednesday delivered a damning report to the IOC session, saying the association could reach a debt of as much as £23m.
He also said AIBA had failed to reform at the top of the organisation.
AIBA largely depends on Olympic Games revenues to survive between Games and has started letting people go as a result of its Olympic exclusion. The sport's governing body will discuss the IOC decision at its executive committee meeting on Thursday.
Japanese IOC member Morinari Watanabe, president of the international gymnastics federation, heads the task force to organise qualifiers and the Tokyo Games competition.
The IOC will almost treble the number of women boxers in Tokyo to 100, up from 36 at the 2016 Rio de Janeiro Games. Men's numbers will be reduced from 250 to 186 with the total of 286 boxers remaining identical from Rio.
There will be four regional qualifiers - Africa, Europe, Asia/Oceania and Americas - between January and April 2020 while hosts Japan can directly qualify four men and two women.
A final Olympic qualifying event will probably be held in May next year to allow athletes a second chance to qualify, the IOC has said.