Menu
Allianz and Afloat - Supporting Irish Boating

Ireland's sailing, boating & maritime magazine

In association with ISA Logo Irish Sailing

World Sailing Claimed To Be In Dire Financial Straits In Wake Of Olympics Postponement

9th April 2020
World Sailing Claimed To Be In Dire Financial Straits In Wake Of Olympics Postponement Photo: World Sailing

A vice-president of World Sailing has appealed for the International Olympic Committee (IOC) to advance its share of revenue from Tokyo 2020 as the governing body faces dire financial straits.

Scott Perry told insidethegames that the postponement of the next Olympic Games from this summer to next year, amid the Covid-19 pandemic that has seen events cancelled the world over, has worsened an already precarious funding situation.

World Sailing had been expecting a payout in the region of €12 million from the Tokyo games dividend, which would have filled a predicted hole in its accounts this year.

“The state of World Sailing’s finances were challenged before the Covid-19 crisis and the subsequent postponement of the Olympics,” Perry said.

“The postponement of the Olympics has made our financial challenges much more acute.

“Along with most International Federations we would dearly like an advance from the IOC but at this stage we don’t have any indication that an advance will be forthcoming.”

Insidethegames has more on the story HERE.

MacDara Conroy

About The Author

MacDara Conroy

Email The Author

MacDara Conroy is a contributor covering all things on the water, from boating and wildlife to science and business

We've got a favour to ask

More people are reading Afloat.ie than ever thanks to the power of the internet but we're in stormy seas because advertising revenues across the media are falling fast. Unlike many news sites, we haven’t put up a paywall because we want to keep our marine journalism open.

Afloat.ie is Ireland's only full–time marine journalism team and it takes time, money and hard work to produce our content.

So you can see why we need to ask for your help.

If everyone chipped in, we can enhance our coverage and our future would be more secure. You can help us through a small donation. Thank you.

Direct Donation to Afloat button

World Sailing Information

World Sailing is the world governing body for the sport of sailing, officially recognised by the International Olympic Committee (IOC) and the International Paralympic Committee (IPC).

Founded in 1907, World Sailing's vision is for a world in which millions more people fall in love with sailing; inspired by the unique relationship between sport, technology and the forces of nature; we all work to protect the waters of the world.

World Sailing is made up of 144 Member National Authorities, the national governing bodies for sailing around the world and 117 World Sailing Class Associations.

Featured Sailing School

INSS sidebutton

Featured Clubs

dbsc mainbutton
Howth Yacht Club
Kinsale Yacht Club
National Yacht Club
Royal Cork Yacht Club
Royal Irish Yacht club
Royal Saint George Yacht Club

Featured Brokers

leinster sidebutton

Featured Webcams

Featured Car Brands

subaru sidebutton

Featured Associations

ISA sidebutton dob
ICRA
isora sidebutton

Featured Events 2020

Wave button for Afloat new dates

Featured Chandleries

CHMarine Afloat logo
osm sidebutton
viking sidebutton

Featured Sailmakers

northsails sidebutton
uksails sidebutton

quantum sidebutton

Featured Marinas

dlmarina sidebutton

Featured Blogs

W M Nixon - Sailing on Saturday
podcast sidebutton
mansfield sidebutton
BSB sidebutton
sellingboat sidebutton

Please show your support for Afloat by donating