Saturday, 30 January 2021
Smaller International Federations (IFs), with smaller operations and staff, are less exposed to the effects of the pandemic than larger organisations, according to a top Association of Summer Olympic International Federations (ASOIF) official.
Andrew Ryan, ASOIF s executive director, told
Reuters that none of the 28 Summer Olympic IFs would be bankrupted by the cancellation of the Tokyo 2020 Games, but that impacts could be worse for the larger sports. The ones with the exposure are the bigger federations that burn a lot of money from their reserves, Ryan said. That is where the risk lies. Some have very substantial reserves but they have been fighting very hard to deliver events, like handball and their [ongoing] World Championship in Egypt.”