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FIG income down in wake of Russian sanctions

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You can read the Examiner article below for details if the FIG’s somewhat disappointing financial performance.  Perhaps you have some ideas how it could be improved?  Live streaming of quals could be one new income stream.


In the meantime, my opinion.  Never forget that Russian bank VTB was a sponsor of FIG before the sanctions took hold.  Russia’s withdrawal from the sport has directly reduced income - firstly, no VTB sponsorship; secondly the sport has less entertainment value without the artistic, innovative and technically proficient gymnasts of Russia.  This again affects income levels as reduced spectator interest and the resulting decrease in sponsorship and broadcast revenues.

I’m not arguing about the need for sanctions, either way.  Just pointing out that if you cut off the limbs, the body will be affected.


https://www.thesportsexaminer.com/gymnastics-fig-2024-financial-report-shows-very-modest-19-million-in-2024-revenue-but-good-reserves-of-31-million-u-s/?fbclid=IwQ0xDSwLAtDRleHRuA2FlbQIxMQABHknwGxtrUFLrB2rCPpczbQnjc07cKgyXoOOcQPDeVSJt8nz9UcNOCx03q6wA_aem_w0TuqMItJv4zn2wJVpdvrg

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