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TSX HEADLINES – for Apr. 25, 2018: Last week’s governance report on the 28 International Sports Federations on the permanent program of the Olympic Games was generally dismal. However, it did note that 21 of the 28 federations had posted financial information, even some with audited financial statements.
Really? We had to see for ourselves.
Through the first 14 federations we looked into, 11 had financial information of some type and most had real financial statements issued by certified accountants.
The smallest income (for 2016) was posted by the International Boxing Federation at about $9.6 million. At the other end of the scale was FIFA, which showed 2017 revenue of more than $734 million and expenses above $923 million for a loss of $189 million before a loss on investments increased the deficit to $191 million! Wow!
We have the details on the first 14 federations in our Lane One commentary, with the remainder coming on Friday. Plus:
(1) POSTPONED: Very sorry to report that our panel on The Reality Behind the Rings: Finance, Law and Operations for the 1984 and 2028 Olympic Games, scheduled for tonight, has been postponed.
(2) THE TICKER: The first two full-length decisions of the Court of Arbitration for Sport on the 39 Russian doping cases from Sochi from 2014 were finally released: one upholding the finding of a doping violation and one exonerating the athlete.
(3) THE BIG PICTURE: Good news for Mt. San Antonio College, which saw a lawsuit against it to stop construction of its new football and track & field stadium ahead of the 2020 U.S. Track & Field Trials, dismissed!
This issue includes ON DECK reports on Archery ~ Curling ~ Cycling ~ Diving ~ Fencing ~ Gymnastics ~ Rugby ~ Sailing; SCOREBOARD reports on Athletics ~ Shooting, plus AGENDA, our exclusive calendar of upcoming international events!
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