Kim Andersen remains optimistic

April 13, 20202min read

Today

Kim Andersen remains optimistic
World Sailing President Kim Andersen, in an interview for the site of the Norwegian yacht magazine Seil, confirmed that the International Sailing Federation is in a serious financial crisis, and spoke about the measures to be taken.

Recall that was the reason for the speech of Andersen. A few days ago, an interview with the same magazine was given by Scott Perry (Uruguay), vice president of World Sailing, who said that in the near future the international federation was facing bankruptcy.

After such – by and large, panic – statements, Kim Andersen considered it necessary to express his point of view on the situation. He did not hide the fact that the situation was serious. However, according to the president of World Sailing, admitting defeat in advance is useless.

The International Sailing Federation, according to Andersen, has to take a series of important steps that will improve the financial situation. Firstly, it is necessary to reduce the salaries of World Sailing staff by 20%. Secondly, the UK government has yet to be persuaded to extend state support measures for small and medium-sized businesses to the federation. Thirdly, it is necessary to revise the lease terms of the London headquarters of the federation (as we have already said, in June it is necessary to pay half a million pounds as an annual rental fee).

As for the fourth point of the anti-crisis program, World Sailing hopes to receive as soon as possible from the IOC a relying part of the sailing federation of the money for the Olympics 2020. Alas, due to the postponement of the Games, this money will go at best in September next year. According to Andersen, this is not the biggest problem: it means that you have to take a loan from the bank, which in a year will be repaid with "Olympic" money.

All these measures, according to the president of World Sailing, will help improve the financial situation of the federation. In general, Andersen remains optimistic.

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