The International Swimming Federation expects to be able to restrict this year’s deficit to less than CHF20 million, despite severe COVID-19-related disruption to originally anticipated cash flows. Inside the games understands that the deficit for 2020 is currently projected at between CHF10 million and CHF20 million.

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This would later be what is believed to be a very slim loss in 2019, a year of the World Championship. The lead agency also posted a loss of just over CHF13 million in 2018, the best new year for which audited financial statements are publicly available. However, it is among the richest asset federations for the International Summer Games (IF), with a monetary asset of just under CHF109 million at the end of December 2018 and around CHF17 million.

In common with almost all other games, FINA has agonized a serious disruption to its deliberate schedule of events as a major cause of the coronavirus pandemic. In May, he said he was assertive at the 2020 World Swimming Championships, reserved for Abu Dhabi, about a year before December 2021. He had previously had to delay the 2021 World Aquatic Championships to evade a clash with the Olympic and Paralympic Games in Tokyo suspended. They are now decided for May 2022 in the Japanese city of Fukuoka.

As a premier summer Olympic game, FINA would have been betting, prior to the pandemic, on getting around $ 40 million from the influence of sport at the Tokyo Olympics, with most of this originally predictable sum to materialize. next September. Since payment, even below the best case scenario, will now be one year behind, a 2020 deficit in the range of CHF10 million-CHF20 million may be smaller than some might have anticipated.

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The body has also vaccinated more flexibility in its Aquatic Olympic Support Program, with an emphasis on helping athletes who will now compete in Tokyo next summer. This is predictable to lead to the dispersion of some CHF4 million through the National Federations and continental organisms. A recently released midterm report on FINA’s 2018-2021 strategic plan states that nearly $ 20 million was capitalized through the agency’s development scheduler in 2018 and 2019.

The body has also vaccinated more flexibility in its Aquatic Olympic Support Program, with an emphasis on helping athletes who will now compete in Tokyo next summer. This is predictable to lead to the dispersion of some CHF4 million through the National Federations and continental organisms. A recently released midterm report on FINA’s 2018-2021 strategic plan states that nearly $ 20 million was capitalized through the agency’s development scheduler in 2018 and 2019.

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