World Sailing threatens bankruptcy
The vice president of the International Sailing Federation Scott Perry (Uruguay) said this in an interview with the Norwegian yacht magazine Seil.
The financial situation of World Sailing, as it were, to put it mildly, is extremely unstable, many have recently talked about, but for the first time a possible – and close – bankruptcy has been declared really loudly. And not by anyone, but by the vice president of this international federation.
According to Scott Perry, in order for World Sailing to survive the coming summer, a number of urgent measures must be taken. In particular, to reduce Federation employees' wages by 20%, to revise the lease terms of the Federation’s headquarters in London, and this year to receive part of the money from the IOC for hosting the 2020 Olympics.
Realizing the first point of this program is real, the second is very problematic (in June you have to pay half a million pounds as an annual rental fee, and so far you can’t find a common language with the office owners), while the third … The Olympics have been postponed to 2021, and , according to experts on the issue, hoping that the IOC will already transfer some of the money for the Games to the Federation is simply ridiculous.
The conclusion Perry draws is that bankruptcy is more than possible, and in this situation it is necessary by any means to hold out to the World Sailing re-election conference in November, with the decisions of which many in the federation have high hopes.
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