Inside the Games repor<\/a>t, World Aquatics posted a loss of $16.4 million for 2022. On the heels of the COVID-19 pandemic and during the Russian-Ukraine conflict, the deficit could have been much worse.<\/p>\nThe report stated that the actually financial loss\/spending was $12.3 million despite an anticipated total of $15.5 million that World Aquatics projected seven months ago.<\/p>\n
World Aquatics Treasurer Dale Neuburger<\/strong> wrote in his report that the future looks much brighter with two world championships and the Olympics in the next year and a half, which according to his report, would generate an estimated $29.9 million.<\/p>\nThe annual income was $43 million for 2022, down from $57.4 million in 2021, according to the report. The expenses ended up at $47 million.<\/p>\n
The development program saved $3.3 million, while $3.5 million in event revenues were gained late in the year, according to the report, as well as a settlement for nearly $4 million as part of a termination agreement with a sponsor.<\/p>\n
Having to switch multiple events from Kazan, Russia, to other venues was costly, but also brought in a combined $12 million from the events moved to Budapest and Melbourne.<\/p>\n
Prize money of $11.7 million went to athletes last year. Administrative expenses dropped from $9.1 million to $7.9 million, thanks in part to World Aquatics President Husain Al Musallam not taking an income.<\/p>\n
The organization also sustained legal costs having to do with an anti-trust litigation involving the International Swimming League.<\/p>\n","protected":false},"excerpt":{"rendered":"
It was a year of deficit for World Aquatics, but the deficit was much less than the world’s governing body of swimming anticipated. According to an Inside the Games report,<\/p>\n","protected":false},"author":3915,"featured_media":522163,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"dois","enabled":false},"version":2}},"categories":[10],"tags":[131843],"class_list":["post-533017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-world-aquatics"],"jetpack_publicize_connections":[],"yoast_head":"\r\n
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