UK Athletics to announce record £3.7m loss months before Paris Olympics
- Team’s preparation for Games will be unaffected, says chair
- Front-loaded Nike deal will ease financial plight
UK Athletics is set to announce record losses of £3.7m for the financial year after failing to secure a title sponsor or television deal in the buildup to the Paris Olympics.
The latest accounts from athletics’ governing body will show that it lost nearly £800,000 in one day when it hosted last year’s Birmingham Diamond League and another half a million by staging the World Indoor tour in February. But while losses leave the organisation £3.2m in the red, UKA’s chair, Ian Beattie, denied there was any risk of bankruptcy or that GB’s best athletes would have their preparations for Paris interrupted.