Coronavirus has created a perfect storm for the leadership of the sailing World Sailing.
Global pandemic coronavirus had a strong influence on all. Was no exception and the international sailing Federation, is experiencing great problems in connection with the breakdown of many competitions and events. The strongest blow to the WS was to transfer the Olympic Games in Tokyo in 2021. In this regard, the management had to signal distress.
As an Olympic sport, the sail is highly dependent on the revenues from the IOC. These financial injections were supposed to give the possibility of Federation with the right management to stabilize the situation and restore their resources. But in the absence of this support, the leadership had to call “boats”.
On behalf of the Board of Directors of the World Sailing April 14, President Kim Andersen has made a statement:
“The Board of Directors of World Sailing continues to closely monitor the financial position and all transactions of the Federation during a pandemic virus COVID-19.
The UK government provided the World Sailing Limited (company in which the listed staff WS) the opportunity to apply for state financial support to cover the salary costs during the crisis.
Like many organizations in the UK, the WS Board decided to make use of this assistance to ensure their long-term financial viability.
From 15 April to 6 may 2020, the entire staff officially sent on leave. The difference between the government subsidy and the payment of salaries will be covered by the Federation. After may 6, the user decides whether the data extended break or staff will be able to return to work.
Despite the holiday part top-managers of the Federation continues to work.
At the same time, the Board of Directors of the WS demanded that the salary of employees above certain thresholds, were reduced by 20% by the end of the year. The salary will be restored as soon as the financial situation of the Federation allows it. For this decision we need the consent of the staff, so each staff members will be conducted by personal discussion.
The manual WS continues to hold discussions with all partners regarding the consequences of the transfer of the Olympics with the aim to achieve a stable financial condition.”
The original statements can be found on the website of World Sailinghatchessailingworldzadravec