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IWF – Iranian WF sanction update

As a result of 7 hours of negotiations between IWF President, Dr. Tam�s Aj�n and new Iranian Federation President, Mr. Bahram Afsharzadeh, accompanied by Dr. A. Shahabi IWF MC Member the following was agreed on:

Based on the detailed information including the current financial situation of the Iranian Federation the parties agreed in the following payment conditions of the fine previously imposed by the Executive Board.

The Iranian Weightlifting Federation paid 25% and will pay another 12,5% of the fine to the IWF before the 3rd of December 2006 and the remaining 62,5% will be settled before the 20th September 2007 in several instalments.

In case of any breach of the above stated payment method the Iranian Weightlifting Federation will be automatically dismembered from the IWF.

The above agreement does not effect the suspension of the 9 Iranian athletes, however, the Iranian Federation may participate in international events with other athletes.