IOC to provide support for World Sailing

World Sailing, the world governing body of the sport, has received confirmation of financial support from the International Olympic Committee (IOC) following constructive dialogue.

The IOC is supporting World Sailing in addressing the challenges caused by the COVID-19 pandemic and the consequence on postponing the Tokyo 2020 Olympic Games.

Like most Olympic International Federations, World Sailing significantly relies on funding from the IOC through a payment that follows the Olympic Games.

The IOC paid out a total of $540 million to International Federations after the 2016 Olympic Games in Rio de Janeiro. The money is distributed using a system where federations are ranked according to their audience and size.

World Sailing, which sits in the fourth group of federations alongside the likes of canoeing, fencing, handball and wrestling, received $12 million from the IOC for Rio 2016.

With budgets based on this four year cycle, the postponement of the Tokyo Olympics effectively added a fifth year of costs to the budget. To overcome this situation, World Sailing engaged with the IOC on how best to address the impact experienced within the sport with detailed and transparent discussions.

“Receiving the support and the encouragement from IOC President Dr. Thomas Bach means a lot for World Sailing,” commented World Sailing President, Kim Andersen. “I am looking forward to continuing the great partnership between the IOC and World Sailing with a focus on our great sport and our sailors.”

The financial support will enable World Sailing to continue plans for developing and promoting sailing worldwide and delivering the highest standards for the Tokyo 2020 and Paris 2024 Olympic Games. Furthermore, World Sailing will continue to develop formats in line with the IOC Agenda 2020 and the World Sailing Strategy with gender equality and sustainability strategies as a strong focus for promoting the sport in the future.

Source: World Sailing, Insidethegames

Tokyo Olympic Sailing Program
Men’s One Person Dinghy – Laser
Women’s One Person Dinghy – Laser Radial
Men’s Two Person Dinghy – 470
Women’s Two Person Dinghy – 470
Men’s Skiff – 49er
Women’s Skiff – 49erFx
Men’s One Person Dinghy Heavy – Finn
Men’s Windsurfing – RS:X
Women’s Windsurfing – RS:X
Mixed Multihull – Nacra 17

Original dates: July 24 to August 9, 2020
Revised dates: July 23 to August 8, 2021

Details: https://tokyo2020.org/en/games/schedule/olympic/