By Emily Goddard

Frank Warren at the Copper Box announcement in London June 2013June 12 - British professional boxing promoter Frank Warren has hit out at International Boxing Association (AIBA) President C K Wu's move to dominate all forms of the sport, insisting "monopolies are not good for anybody".

Wu, an International Olympic Committee (IOC) Presidential candidate, has launched two ambitious projects - AIBA Pro Boxing (APB) and World Series of Boxing (WSB) - that will allow fighters to box professionally while retaining their Olympic eligibility.

However, his plans to take control of both professional and amateur boxing have sparked a wave of criticism from the sports key professional figures, not least that of World Boxing Council (WBC) President José Sulaimán, who is threatening legal action against both AIBA and the IOC.

Warren (pictured top), who over some 25 years has managed some of Britain's biggest names in the sport including "Prince" Naseem Hamed, Nigel Benn, Joe Calzaghe, Ricky Hatton, Dereck Chisora and Amir Khan, has again spoken out against AIBA's plans, doubting its chances of success.

WSB is currently the only competition in the world that allows boxers to compete professionally and retain their Olympic eligibilityAIBA's WSB is currently the only competition in the world that allows boxers to compete professionally and retain their Olympic eligibility

"Monopolies are not good for anybody," he told insidethegames.

"I don't see that working.

"If they want to do it no one is going to stop them, only time will tell.

"But what titles are these guys going to fight for?

"Who will promote them?

"It's just not what I think the sport is all about.

"Amateur boxing is what it is - amateur boxing.

"To try to get all these guys to sign up to contracts and say 'you're going to have to be with us or else', what happens if one doesn't sign it?

"Is he going to be dropped out of the amateur internationals?

"It's not right.

"I think it's a huge conflict of interest.

"But if they want to do it they'll do it."

He also insisted that Wu's plans do not have the power to threaten the professional boxing set up as it stands now.

"All it is is another breakaway group and it'll cause more confusion," he said.

"Sport is confused anyway.

"I'd much rather they get together than we have another governing body."

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