The size of the Fund will be $500 thousand. Prince Albert II of Monaco allocated the money.
The International Association of athletics federations (World Athletics) announced on its official website the creation of an international Fund for $500 thousand to support athletes in the context of the coronavirus pandemic and the financial crisis caused by it.
The Fund will be used for two years to help athletes who have lost a significant part of their income due to the suspension of international competitions, said World Athletics chief Executive Sebastian Coe. The money was allocated by Prince Albert II of Monaco, who became the honorary Chairman of the Fund. To receive funds, an athlete will need to submit an appropriate application for consideration by an expert inter-regional group.
“We hope that we will be able to hold at least some starts before the end of this year, but we will still try to help as many athletes as possible,” Coe said.
Earlier, the European Athletics Federation announced the cancellation of the European championship due to the coronavirus pandemic. The competition was to be held from 26 to 30 of August in Paris at the stadium “Charley.” No new dates have been announced for the tournament. Before that, World Athletics postponed the World Cup for a year. The championship will be held from July 15 to 24, 2022, in Eugene, Oregon.
In March, the International Olympic Committee (IOC) announced that it was not possible to organize the summer Games in Tokyo in the context of COVID-19 distribution. As a result, the IOC approved new start dates: the competition will be held from July 23 to August 8, 2021.