International Cycling Union takes drastic action amid financial ‘crisis’

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GENEVA (AP) — The International Cycling Union took “some drastic action” on Thursday to cut costs amid a revenue shortfall from hundreds of events canceled or postponed during the coronavirus pandemic, including the Tokyo Olympics.

Cycling’s financial outlook is among the bleakest revealed by an Olympic sport’s governing body since the Tokyo Games were rescheduled to 2021.

UCI president David Lappartient and other managers have reduced salaries and allowances, and all 130 employees at its Swiss headquarters and training center are on full or partial furlough.

“Our international federation is going through a crisis that we haven’t experienced since the Second World War,” Lappartient said.

The 28 core Summer Games sports were due to share at least $540 million from the IOC in Tokyo Olympic revenues.

The UCI reported getting 25 million Swiss francs ($25.75 million) from the 2016 Rio de Janeiro Olympics. It could have expected the same or more in 2020 for organizing 22 medal events in road and track events, mountain biking and BMX.

Now the UCI warns the one-year delay in Tokyo “will lead to a considerable loss of earnings.”

“We need to anticipate both a possible postponement — to 2021 — of the payment of Olympic revenues initially expected in the second semester of 2020, and a probable reduction of the sum paid to the International Federations,” the cycling body said.

The IOC said last week it was too early to comment on possible financial plans with the governing bodies.

For the UCI, hosting and registration fees paid by race organizers including world championships added up to 45% of its 181 million Swiss francs ($187 million) revenue from 2015-18, according to its most recent accounts.

The UCI said it will reimburse registration fees paid for races later canceled. It has received “more than 650 requests” to postpone or cancel events through August.

However, the Tour de France is still due to start June 27 and the Sept. 20-27 road world championships, racing past UCI headquarters in Aigle, “would appear to be safe.”

The UCI’s financial reserves — about 45 million Swiss francs ($46.5 million) in its accounts for 2018 — are also taking a hit.

“Our asset portfolio has suffered from the effects of the pandemic on the financial markets, combined with the collapse of oil prices,” the governing body said.

The UCI is likely to be eligible for financial help, including interest-free loans, in an emergency program approved last month by the Swiss federal government.

MORE: Most decorated U.S. female Olympian on front line of coronavirus fight

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Elena Fanchini, medal-winning Alpine skier, dies at 37

Elena Fanchini
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Elena Fanchini, an Italian Alpine skier whose career was cut short by a tumor, has died. She was 37.

Fanchini, the 2005 World downhill silver medalist at age 19, passed away Wednesday at her home in Solato, near Brescia, the Italian Winter Sports Federation announced.

Fanchini died on the same day that fellow Italian Marta Bassino won the super-G at the world championships in Meribel, France; and two days after Federica Brignone — another former teammate — claimed gold in the combined.

Sofia Goggia, who is the favorite for Saturday’s downhill, dedicated her World Cup win in Cortina d’Ampezzo last month to Fanchini.

Fanchini last raced in December 2017. She was cleared to return to train nearly a year later but never made it fully back, and her condition grew worse in recent months.

Fanchini won her world downhill silver medal in Italy in 2005, exactly one month after her World Cup debut, an astonishing breakout.

Ten months later, she won a World Cup downhill in Canada with “Ciao Mamma” scribbled on face tape to guard against 1-degree temperatures. She was 20. Nobody younger than 21 has won a World Cup downhill since. Her second and final World Cup win, also a downhill, came more than nine years later.

In between her two World Cup wins, Fanchini raced at three Olympics with a best finish of 12th in the downhill in 2014. She missed the 2018 PyeongChang Olympics because of her condition.

Fanchini’s younger sisters Nadia and Sabrina were also World Cup racers.

The Associated Press contributed to this report.

USA Boxing to skip world championships

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USA Boxing will not send boxers to this year’s men’s and women’s world championships, citing “the ongoing failures” of the IBA, the sport’s international governing body, that put boxing’s place on the Olympic program at risk.

The Washington Post first reported the decision.

In a letter to its members, USA Boxing Executive Director Mike McAtee listed many factors that led to the decision, including IBA governance issues, financial irregularities and transparency and that Russian and Belarusian boxers are allowed to compete with their flags.

IBA lifted its ban on Russian and Belarusian boxers in October and said it would allow their flags and anthems to return, too.

The IOC has not shifted from its recommendation to international sports federations last February that Russian and Belarusian athletes be barred, though the IOC and Olympic sports officials have been exploring whether those athletes could return without national symbols.

USA Boxing said that Russian boxers have competed at an IBA event in Morocco this month with their flags and are expected to compete at this year’s world championships under their flags.

“While sport is intended to be politically neutral, many boxers, coaches and other representatives of the Ukrainian boxing community were killed as a result of the Russian aggression against Ukraine, including coach Mykhaylo Korenovsky who was killed when a Russian missile hit an apartment block in January 2023,” according to the USA Boxing letter. “Ukraine’s sports infrastructure, including numerous boxing gyms, has been devastated by Russian aggression.”

McAtee added later that USA Boxing would still not send athletes to worlds even if Russians and Belarusians were competing as neutrals and without their flags.

“USA Boxing’s decision is based on the ‘totality of all of the factors,'” he said in an emailed response. “Third party oversite and fairness in the field of play is the most important factor.”

A message has been sent to the IBA seeking comment on USA Boxing’s decision.

The women’s world championships are in March in India. The men’s world championships are in May in Uzbekistan. They do not count toward 2024 Olympic qualifying.

In December, the IOC said recent IBA decisions could lead to “the cancellation of boxing” for the 2024 Paris Games.

Some of the already reported governance issues led to the IOC stripping IBA — then known as AIBA — of its Olympic recognition in 2019. AIBA had suspended all 36 referees and judges used at the 2016 Rio Olympics pending an investigation into a possible judging scandal, one that found that some medal bouts were fixed by “complicit and compliant” referees and judges.

The IOC ran the Tokyo Olympic boxing competition.

Boxing was not included on the initial program for the 2028 Los Angeles Games announced in December 2021, though it could still be added. The IBA must address concerns “around its governance, its financial transparency and sustainability and the integrity of its refereeing and judging processes,” IOC President Thomas Bach said then.

This past June, the IOC said IBA would not run qualifying competitions for the 2024 Paris Games.

In September, the IOC said it was “extremely concerned” about the Olympic future of boxing after an IBA extraordinary congress overwhelmingly backed Russian Umar Kremlev to remain as its president rather than hold an election.

Kremlev was re-elected in May after an opponent, Boris van der Vorst of the Netherlands, was barred from running against him. The Court of Arbitration for Sport ruled in June that van der Vorst should have been eligible to run against Kremlev, but the IBA group still decided not to hold a new election.

Last May, Rashida Ellis became the first U.S. woman to win a world boxing title at an Olympic weight since Claressa Shields in 2016, taking the 60kg lightweight crown in Istanbul. In Tokyo, Ellis lost 3-0 in her opening bout in her Olympic debut.

At the last men’s worlds in 2021, Robby Gonzales and Jahmal Harvey became the first U.S. men to win an Olympic or world title since 2007, ending the longest American men’s drought since World War II.

The Associated Press and NBC Olympic research contributed to this report.

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