The International Olympic Committee (IOC) has granted the World Athletics World Cup a loan of 7.5 million dollars. It is reported by Inside the Games.
According to the source, for two years in a row, World Athletics showed millions in losses, but in 2020 World Athletics made a profit of 2.1 million dollars. This happened thanks to payments from the Russian Athletics Federation (ARAF), which accounted for about 15 percent of the association’s annual income and covered its losses.
In July last year, the World Athletics Council promised to exclude ARAF from membership of the organization, if the Russian side does not pay a fine of six million dollars for the participation of the former leadership of the organization in falsifying documents. in the case of high jumper Daniil Lysenko. In this case, it was promised that national athletes would be deprived of the opportunity to perform under a neutral flag.
In 2015, World Athletics suspended ARAF activities due to systematic anti-doping rule violations by Russians. Because of this, Russians can only compete in international competitions after receiving individual permits and in neutral status.