"A breakaway international governing body for boxing is set to be announced tomorrow by a group of National Federations tomorrow in a bid to save the sport's place on the Olympic programme.
A group of countries, led by the United States and Great Britain, will officially confirm they are quitting the International Boxing Association (IBA), led by Russia's Umar Kremlev, to launch a new organisation called "World Boxing".
An online briefing is due to be staged by tomorrow and will be attended by four "boxing leaders" with representatives from USA Boxing and GB Boxing joined by a group of European countries.
They are promising to make a "major global announcement regarding the future of Olympic boxing".
"Four boxing leaders will be available to answer questions about this worldwide development which is designed to secure boxing's on-going place at the heart of the Olympic Movement and deliver a better future for the sport," read a statement from the organisers."