International Paralympic Committee faces cashflow issues


New Delhi: Paralympics chief Andrew Parsons is focused on consolidating losses and protecting smaller national federations that has been affected due to the postponement of the Tokyo 2020 Games.

The decision was made last month to postpone the Games until the summer of 2021 because of the impact of COVID-19.

It means that the Tokyo Paralympics will now run from Aug. 24 Sep. 5, 2021.

International Paralympic Committee (IPC) are having cashflow issue as broadcasters and other partners look to defer planned payments until next year.

Cancelled events and changed plans come at a cost to our members, who are normally not big and rich organisations. So, they are not immune to the financial problems that come with COVID-19, explained Parsons.

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