— Published on April 9, 2020

Cash flow looks tight

IPC

The postponement of the Tokyo Games until next year does not have the same impact for the IOC and for its Paralympic equivalent. Predictable. Andrew Parsons, the president of the IPC, explained this on Wednesday April 8 during a telephone press conference: the Paralympic movement could quickly encounter certain financial difficulties, including a probable lack of cash flow. “ This week, we almost completed analysis of more than 150 contracts linked to the Tokyo Paralympic Games., explained the Brazilian leader. Some of our broadcasters, for example, have already asked us if they could postpone the last payment of rights to the year 2021. We understand them, of course. We will try to resolve these issues internally. » There is no question for the IPC, at this stage, of turning to the IOC for help. But Andrew Parsons agrees: not all national Paralympic committees have sufficient strength to withstand such a crisis. “ Some of them advanced a lot of money, notably to buy tickets for the events and to reserve hotels in Tokyo, He explains. We will try to help them. We are in contact with the organizing committee in Japan to see how part of this money could be returned to them. Regarding accommodation, we try to get hotels already booked to hold rooms for next year without charging penalty fees. »