DNOWS Header

Image Map

Wednesday, November 9, 2016

FINA's Financial Strength And Uses Of Money

Courtesy of George Block, World Swimming Coaches Association.

In this era where a handful of pool swimmers earning millions of United States dollars for their accomplishments and achievements and numerous other competitive pool and open water swimmers earn enough money to define themselves as professional athletes, George Block of the World Swimming Coaches Association compiled and culled the following data from FINA's 2015 written report:

1. FINA has a little more than US$97,000,000 cash on hand.
2. The IOC has become a minor contributor to the FINA budget.
3. Leveling income over 4 years shows an income amount of about US$44,000,000 per year.
4. FINA realized US$66,000,000 in revenue in 2015.
5. A profit of US$14,700,000 was shown in 2015.
6. US$5,600,000 was spent on the FINA Family including travel, hotels, meals, airfares for meetings, etc.
7. US$5,700,000 was given to athletes as prize money at the FINA World Championships.
8. US$5,200,000 was used for payroll of 26 staff, an average to US$186,000.
10. FINA allocates US$1,000,000 for development of the sport.

"FINA exists on the backs of swimming athletes and pays them a pittance for earning FINA US$97 million in the bank," observed John Leonard, Executive Director of the World Swimming Coaches Association.

Copyright © 2016 by World Open Water Swimming Association

No comments:

Post a Comment

Thank you very much for your interest in the world of open water swimming.

The Staff of the World Open Water Swimming Association

A Thank You Gift from WOWSA

WOWSA is celebrating the
1-Year Anniversary of the monthly Open Water Swimming Magazine
by giving you a free copy of the anniversary issue.

Open Water Swimming Magazine Anniversary Issue
File Size: 13MB


Download the file to your computer, and then right-click to extract the magazine which is inside the zip folder. The magazine is in PDF format.

CLICK HERE to download your free copy now.

Open Water Swimming Magazine

Open Water Swimming Magazine

The Open Water Swimming Magazine is the monthly magazine entirely focused on open water swimming heroes and heroines of every age, ability, and background. Published by the World Open Water Swimming Association, the Open Water Swimming Magazine is a free benefit to WOWSA members.

WOWSA Member Benefits include 12 issues of the Open Water Swimming Magazine, the annual 276-page Open Water Swimming Almanac, a free listing in Sponsor My Swim, outstanding product discounts from FINIS, an entry in Openwaterpedia and more...

The Other Shore

The Other Shore follows world record holder and legendary swimmer Diana Nyad as she comes out of a thirty-year retirement to re-attempt an elusive dream: swimming 103 miles non-stop from Cuba to Florida without the use of a shark cage. Her past and present collide in her obsession with a feat that nobody has ever accomplished. At the edge of The Devil’s Triangle, tropical storms, sharks, venomous jellyfish, and one of the strongest ocean currents in the world, all prove to be life-threatening realities. Timothy Wheeler’s documentary brings Diana Nyad’s extraordinary adventure to life as Diana sets out to prove that will and determination are all you need to make the unimaginable possible.

2014 Open Water Swimming Almanac

An Almanac for Open Water Swimming

An almanac is essentially a body of knowledge which is so complete that it enables people in different fields to make predictions about the future of their respective industries.

This, for example, was the purpose of the traditional farmers almanacs. It enabled farmers to determine as accurately as possible which crops to plant for the greatest harvests in a given year.

But the farmers almanac was just one example among many.
There are, of course, many different kinds of almanacs.

In fact, there is even one for open water swimming...

Preview the Open Water Swimming Almanac:

The trends are very clear.
The tide is rising for open water swimming.


Open Water Swimming Event Sanctioning

World Professional Marathon Swimming Federation

Open Water Race Calendar

Coaches Education Program