International Testing Agency warns of higher costs
![International Testing Agency warns of higher costs](https://cdn.statically.io/img/cdn.dmcl.biz/media/image/287248/o/International+Testing+Agency+logo+-+2023.png)
The International Testing Agency (ITA) has warned that it faces higher costs as a consequence of global events and inflation.
The International Testing Agency (ITA) has warned that it faces higher costs as a consequence of global events and inflation.
Kathy Carter, chief executive of both Los Angeles 2028 and U.S. Olympic and Paralympic Properties (USOPP), the joint marketing venture for the Games, appears to have earned overall compensation of more than $2 million (£1.63 million/€1.88 million) in the two roles in 2021.
Newly-unearthed Internal Revenue Service (IRS) filings appear to disclose details of compensation paid to senior International Olympic Committee (IOC) managers.
Russian Olympic Committee (ROC) President Stanislav Pozdnyakov has been omitted from a new list of members of the International Olympic Committee (IOC)’s Olympic Programme Commission.
The International Cycling Union (UCI) has become the latest International Sports Federation (IF) to post accounts showing that its financial performance was impacted in 2022 by investment portfolio losses.
Japan's Panasonic is liquidating a unit making liquid crystal display (LCD) panels to focus more on electric car batteries, in a move that may raise questions about the electronics group's future sports sponsorship strategy, including as a member of the International Olympic Committee's (IOC) The Olympic Partner (TOP) worldwide marketing programme.
The International Council of Arbitration for Sport (ICAS) has published financial statements showing a loss of CHF12.5 million (£11.2 million/$14.4 million/€13.1 million) for 2022, as a consequence of an accounting procedure linked to the Court of Arbitration for Sport's (CAS) new Lausanne headquarters.
World Aquatics has posted an annual loss for 2022 of $16.4 million (£12.8 million/€14.7 million) - about half the level it forecast in December.
The International Tennis Federation (ITF) has been awarded $20 million (£15.6 million/€18 million) in the wake of cancellation of its agreement with Budapest to host the 2021 Billie Jean King Cup finals.
Sarah Hirshland, chief executive of the United States Olympic and Paralympic Committee (USOPC), was paid well over $1 million (£786,000/€918,000) last year.
The US dollar wage bill for the International Olympic Committee (IOC)’s executive management has risen by 50 per cent in the space of four years.
The International Olympic Committee (IOC) is paying $201 million (£158 million/€185 million) to Winter Olympic International Sports Federations (IFs) as their dividend from last year's disrupted Beijing 2022 Winter Olympics.
The International Hockey Federation (FIH) appears to have turned things around after being hit hard by COVID-19.
The International Skating Union (ISU) expects the absence of advertising and media rights fee income from Russian entities to cost it around CHF1 million (£880,000/$1.1 million/€1.03 million) this year.
UEFA, the European football body, has posted a net loss of €76.3 million (£66.8 million/$83.2 million) for its 2021-2022 financial year.