Coe promises $22M to national federations over 4-year period
MONACO (AP) Track and field’s governing body says it will provide $22 million over a four-year period to its national federations.
IAAF President Sebastian Coe says each national federation will receive $25,000 a year as part of the ”IAAF Olympic Athletics Dividend.”
Coe says the funds represent about one-half of the revenues which the IAAF receives from the IOC during each four-year Olympic cycle.
The funding plan was one of the main promises of Coe’s IAAF election campaign. He was elected in August, defeating Sergei Bubka to succeed Lamine Diack.
The money is aimed at helping national bodies develop the sport in their countries.
Coe says ”the IAAF must engage and work together with its members, listen to their needs and implement tailored solutions at a local and regional level.”