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

9th April 2020

Credit: 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.

Published in World Sailing, Tokyo 2020

Published in World Sailing

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MacDara Conroy

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

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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.