The World Athletics and the International Athletics Foundation (IAF), has launched a US$500,000 fund to support professional athletes experiencing financial hardship due to the coronavirus pandemic ravaging the whole world.
According to a statement seen by Opera Sports, the World Athletics President Sebastian Coe, who also chairs the IAF, said the fund would be used to assist athletes who have lost most of their income due to the suspension of international competition due to the pandemic.
“Established in 1986 to support charitable causes involving athletics, the International Athletics Foundation, under the Honorary Presidency of HSH Prince Albert II of Monaco, has allocated resources from its budgets for 2020 and 2021 to assist athletes in need through this process,” said the statement.
Further, the statement says that Coe will chair an expert multi-regional working group to assess the applications for assistance, which will be submitted through World Athletics’ six Area Associations.
“The members will include: Olympic champion and 1500m world record-holder Hicham El Guerrouj, Olympic pole vault champion Katerina Stefanidi (representing the WA Athletes’ Commission), WA Executive Board members Sunil Sabharwal (Audit Committee) and Abby Hoffman, WA Council members Adille Sumariwalla, Beatrice Ayikoru and Willie Banks, IAF Executive Committee member and former WA treasurer Jose Maria Odriozola and Team Athletics St Vincent and the Grenadines President Keith Joseph,” read the statement.
A meeting is set to be held in order to establish a proper process of awarding those in need of help.
“I would especially like to thank Hicham for bringing this idea to us, and Prince Albert for his strong support of this project. I am in constant contact with athletes around the world and I know that many are experiencing financial hardship as a consequence of the shutdown of most international sports competitions in the last two months.
“Our professional athletes rely on prize money as part of their income and we’re mindful that our competition season, on both the track and road, is being severely impacted by the pandemic.
“We are hopeful that we will be able to stage at least some competition later this year, but in the meantime we will also endeavour, through this fund and additional monies we intend to seek through the friends of our sport, to help as many athletes as possible,” Coe said.
This fund is good news for Kenyan athletes who may have been hit hard by the pandemic and are unable to meet their daily needs for loss of income due to suspension of championships.