Inside the Games has reported that World Sailing’s deficit for 2020 was lower than expected — and that it expects a similar dividend from the 2020 Olympic Games in Tokyo to what it received five years ago from Rio 2016.
Sailing’s world governing body says the “successful delivery” of Tokyo 2020 this summer after a year’s delay enforced by the COVID-19 pandemic had “alleviated the critical financial risks associated with the cancellation of the Games”.
The body’s accounts also included confirmation of an arrangements to borrow $3.1 million (€2.7 million) from the IOC, repayable without interest over five years from this December.
Inside the Games has much more on the story HERE.
