World Sailing - Details of World Sailing loan from IOC revealed

Thursday, July 16, 2020   
 World Sailing   Details of World Sailing loan from IOC revealed
As reported earlier, World Sailing, under financial pressure due to mismanagement and the postponement of the Olympic Games, has received financial support from the IOC. The IOC has now informed on the details of this financial help of up-to-now 63 Mio $ in favor of 20 International Federations, as well as 37 Mio $ for National Olympic Committees. The interest-free and repayable loans go to among others to sports such as Swimming, Basketball, Track-and-Field and Sailing. Interesting details concerning the World Sailing situation have been published by David Owen GBR on the "Inside-the-Games" website.


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