The International Swimming League (ISL) says it will pay overdue prize money owed to athletes from its 2021 season and is looking to rebuild trust ahead of a possible return. ISL commissioner Ben Allen tells Reuters that the league will pay more than 300 athletes a total of just over US$7 million. Allen says the ISL sends letters to affected athletes on Sunday informing them of the payments, which are scheduled in four instalments. Under the plan, 25% of the amount will be paid by the end of this year, with the remaining instalments expected annually thereafter, although the league says it may accelerate if possible. Among swimmers included are several Olympic champions, including Ryan Murphy, Sarah Sjostrom and Summer McIntosh. Some Russian athletes are expected to receive their funds later than others because of technical issues involving their bank accounts. The move comes after years of reduced activity for the ISL, as the professional circuit works to re-establish operations and address concerns from athletes about delayed payments.
International Swimming League to pay overdue 2021 prize money and plan relaunch
The International Swimming League (ISL) says it will pay overdue prize money owed to athletes from its 2021 season and is looking to rebuild trust ahead of a possible return. ISL commissioner Ben Alle...
- The International Swimming League will pay overdue 2021 prize money to more than 300 athletes.
- ISL commissioner Ben Allen says the total due is just over US$7 million.
- The league plans to pay the money in four instalments: 25% by the end of this year, with the rest paid annually.
- Letters to athletes are being sent to inform them of the payment plan.
- Some Russian athletes will face delays due to technical issues with their bank accounts.
The International Swimming League will pay more than 300 athletes long-overdue prize money owed from its 2021 season, Commissioner Ben Allen told Reuters, as the professional swimming circuit seeks to rebuild trust and relaunch after years of inactivity. Allen said the ISL would pay all the prize money owed, with just over $7 million due to about 312 athletes who were being informed in a letter from the ISL being sent out on Sunday. Among the notable swimmers set to receive payments are multiple Olympic champions Ryan Murphy, Sarah Sjostrom and Summer McIntosh. Payments will be made in four instalments of 25 percent, with the first scheduled by the end of this year and the rest expected annually, though the league would accelerate the process if possible. Some Russian athletes will have to wait longer to receive their funds due to technical issues regarding their bank accounts. "We are paying our 2021 prize money," Allen said in an interview where he broke news of the payments. "It's unfortunate that it's been a couple of years. We've been hit by a couple of different issues — the war i
1 hour agoThe International Swimming League will pay more than 300 athletes what they are owned as they look to rebuild trust ahead of a relaunch
2 hours agoThe International Swimming League will pay more than 300 athletes long-overdue prize money owed from its 2021 season, Commissioner Ben Allen told Reuters, as the professional swimming circuit seeks to rebuild trust and relaunch after years of inactivity. Allen said the ISL would pay all the prize money owed, with just over $7 million due to about 312 athletes who were being informed in a letter from the ISL being sent out on Sunday. Among the notable swimmers set to receive payments are multiple Olympic champions Ryan Murphy, Sarah Sjostrom and Summer McIntosh. Payments will be made in four instalments of 25 percent, with the first scheduled by the end of this year and the rest expected annually, though the league would accelerate the process if possible. Some Russian athletes will have to wait longer to receive their funds due to technical issues regarding their bank accounts. "We are paying our 2021 prize money," Allen said in an interview where he broke news of the payments. "It's unfortunate that it's been a couple of years. We've been hit by a couple of different issues — the war i
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