World boxing's crisis-hit governing body AIBA has appointed Franco Falconelli as its acting interim president in place of the suspended Wu Ching-kuo.

Wu was suspended on Wednesday by AIBA's disciplinary commission in the wake of allegations of financial mismanagement, and following a protracted court battle between rival factions.

A majority vote among AIBA executive committee members confirmed Falconelli's appointment, which is expected to be officially ratified at an extraordinary congress next month.

In a short statement, AIBA's executive director William Louis-Marie said: "To date, 15 executive committee members (out of) 17 have voted in favour of Mr Franco Falconelli's appointment as the AIBA acting interim president until the final decision of the disciplinary commission is taken with respect to the suspension of the AIBA president, Dr Ching-kuo Wu."

Local junior middleweight Tyrone Brunson scored the "KO of the Year" for 2016, and will receive the Briscoe Medal in honor of that feat at the 10th Annual Briscoe Awards, on Sunday, October 15, 2017, at Xfinity Live! Philadelphia, 1:00 PM.

Brunson rose from two early knockdowns against Puerto Rican Carlos Garcia Hernandez, before rallying for a 4th round knockout victory. The fight was a rollercoaster ride for boxing fans attending the scrap at South Philly's 2300 Arena.

"It feels great to get recognized for KO of the year," Brunson said about his award. "I'm just happy to be a part of Philly boxing history."

It was a glorious win for Brunson who proved his heart, toughness, and determination.

ABOUT THE BRISCOE AWARDS ON OCTOBER 15 FROM 1-4 PM

The Briscoe Awards are named in honor of legendary Philly middleweight Bennie Briscoe and the trophies given away - the Briscoe Statue and the Briscoe Medal - all bear the deceased icon's likeness. The event brings together the local boxing community, including the award winners, their families, past and present boxers, fight fans, other boxing people, and general sports fans.

This is the tenth year for the Briscoe Awards, which are presented by Philly Boxing History Inc., a 501(c)3 Non-Profit Organization, dedicated to preserving and celebrating Philadelphia's great boxing legacy. Past winners at the Briscoe Awards include Bernard Hopkins, Danny Garcia, Steve Cunningham, and many others.

The event returns to Xfinity Live! Philadelphia, the central hub of Philly's sports stadiums, located at 1100 Pattison Avenue in South Philadelphia. Admission is $5, and tickets can be purchased at BriscoeAwards.com or by calling 609-377-6413. Everyone is welcome.