News

World Sailing - Running on Empty

 
Something that World Sailing did not headline on their website was the presentation of their annual accounts to the Council over the weekend.

As I pointed out in an earlier post, World Sailing received approximately 65% of its revenue (or £11.7 million) from the IOC during the 2013-2016 Quad.

The latest accounts show that without the IOC revenue World Sailing would have lost £3.5m in 2016 and in 2017 the parent company made a loss of more than £7m.

As Tom Ehman over at Sailing Illustrated points out in his dissection of the WS accounts:

'If operating losses continue in 2018 and 2019 at the same level as 2017 (let alone increase), as one senior WS official has told your Ed., "World Sailing will go broke sometime in 2019."'

So all the more reason to get the Olympic events/equipment sorted out ASAP, and to get the eSailing World Championship game show up and running . . .

It might not be sailing as we know it, but for WS it could be the one thing that keeps them afloat until the next IOC handout !

World Sailing Council retain Finn

World Sailing vote to remove Finn, 470, RSX

(Headline - Running on Empty by Jackson Browne)

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