How to make ends meet

New 2020 international Federation sail – World Sailing – I will start with only 41 thousand euros on their Bank accounts. In August of the same year, the shortfall may be predicted half a million, according to an informed UK site

To repay the debt World Sailing hopes, receiving in the middle of the year large Bank loan.

The shortfall arose primarily due to lack of receipt of sponsorship funds. It was planned that the Olympics are every four years 2017 – 2020, the international Federation will receive from sponsors 13.5 million euros. In fact, got 5.5 million less.

I had to hurry to tighten their belts. The result is a shortage of 5.4 million euros that took place in 2018, this year was reduced to 2.65 million.

The biggest hope for the next four years, the World Sailing financiers associated with the fact that the IOC will transfer a Federation of its share of the profits for hosting 2020 Olympics – about 11.6 million euros.

But in any case to make ends meet is not easy. Is that a new Director General of World Sailing will demonstrate the wonders of financial ingenuity. As you know, the current gendir Briton Andy hunt, which in recent years was subjected to merciless criticism for his bad actions, will leave the international Federation early next year.

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