Figures detailing the financial performance of World Athletics have at long last emerged, showing that the body made hefty deficits in both 2017 and 2018.
In 2018, the organisation’s revenues are put at $47.5 million (£37.4 million/€42 million), compared with expenses of $66.8 million (£52.7 million/€59.1 million), to leave an apparent deficit of $19.3 million (£15.2 million/€17 million).
In 2017, revenues were said to have amounted to $40.5 million (£31.9 million/€35.8 million) and expenses of $60.1 million (£47.4 million/€53.2 million), an apparent deficit of $19.6 million (£15.4 million/€17.3 million).
The figures were obtained by The Sports Examiner, which reports having received a phone call from an unidentified individual claiming to have knowledge of financial information provided to delegates at the Congress in Doha that preceded last year’s World Athletics Championships.
Following the recent publication of accounts by the International Modern Pentathlon Union, World Athletics is believed to have been the only remaining Summer Olympic International Sports Federation (IF) for which essentially no financial information was in the public domain.
An official of what was then the International Association of Athletics Federations (IAAF) told insidethegames in 2015 that: “The IAAF since its move from London in 1984 is established under the laws of Monaco – see Article One of our constitution – and is not obliged and has never published its audited accounts beyond its national members.”