FEI to maintain digital development budget despite indoor season fears

The International Equestrian Federation (FEI) is aiming to prepare a new long-range financial plan in the New Year, to be presented at Board level in June and to cover the next three-to-four years.

Claude Praz, the federation's chief financial officer, made the disclosure in a commentary attached to a 2021 budget prepared for the body's recent online General Assembly.

"Given that we are only six months into this pandemic, we feel it is important to see how things will develop after the winter to better assess adjustments to the FEI structure for the next three-to-four years," Praz wrote.

As previously reported, the new budget projects a loss of CHF1.32 million (£1.08 million/$1.43 million/€1.2 million) for 2021.

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Article written by: David Owen