• Coe pledges $100000 over four years to all 214 member federations
• Elections bewitch place next month before world championships in BeijingSebastian Coe has upped the stakes in his tender to become president of the International organization of Athletics Federations by promising to give at least $100000 over four years to all of the IAAF’s 214 member federations whether he gets athletics’ top job.
Coe,who is challenging Sergey Bubka for the IAAF presidency in the August elections , said that the money would come from the cash the governing body receives from the International Olympic Committee off the back of the Olympic Games. He said this Olympic athletics dividend” could be used to fund facilities, and hire equipment,train athletes and coaches, stage competitions or help with talent identification programmes. The dividend, or which would total around $22m over a four-year period,would be funded through approximately half of the quadrennial fee received from the IOC and underpinned by a strategic review of existing IAAF structures and use of resources.
Continue reading...
Source: theguardian.com