• Privacy Policy
  • Contact Us
  • Login
  • Register
  • Home
  • Archive
  • Contact Us
No Result
View All Result
  • Home
  • Archive
  • Contact Us
No Result
View All Result
No Result
View All Result
Home IAAF

Lamine Diack Speaks: No Financial Crisis at IAAF/Should announce title sponsor of DL in next few weeks!, courtesy of IAAF, note by Larry Eder

Larry Ederby Larry Eder
May 14, 2010
0
0 0
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Diack_Liam-IAAF07.jpg

Lamine Diack, President of IAAF, photo by PhotoRun.net.

Is the IAAF in financial trouble? Not according to President Lamine Diack. Diack notes that the current financial global crisis did give the IAAF challenges, but he insists that the IAAF is not
looking to file for bankruptcy, and, in fact, will sign up the title sponsor for the 2010 IAAF Diamond League in the next few weeks!

Diack has been President since 1999, when the late Primo Nebiola left office. Diack’s announcement  to run once again for IAAF President was seen as a surprise to some of
the key players in the world of global athletics, among them, Sebastian Coe and Sergey
Bubka. Diack did note, that if he is elected President of Senegal, he would give up the IAAF
Presidency…

RelatedPosts

Eilidh Doyle-Passing the Baton, A Documentary Film Edited and Filmed by Urbane Media for Scottish Athletics

Magnifiscent Monaco! Bol 51.95 WL, Wanyonyi 1:41.44 WL, Lyles defeated Tebogo

Meeting International d’Athlétisme Herculis EBS Stade Louis II, Monaco (MON), 11 July 2025

Diack says no financial crisis at IAAF and looks forward to signing Diamond League title sponsor



Doha,
Qatar – The IAAF will announce a title sponsor for the Diamond League
within the next three weeks according to its president Lamine Diack.

Speaking
just hours before the inaugural Diamond League meeting in Doha’s Qatar
Sports Club stadium tonight, President Diack said: “I am sure within
the coming days we will have a title sponsor for the Diamond League.”

He
also suggested the 14-meeting format may be extended to 16 one-day
events in the future and expanded to cover more regions of the world.

“My
original idea was to have this athletics series going around the world
from January to December,” he said. “We have launched the Diamond
League as a programme from May to September, and unlike the Golden
League we now have meetings in Asia and the United States.

“We
may grow to 16 meetings in the future and take it to other parts of the
world if they want to come in and can meet the quality control
criteria.”

He also denied reports that the IAAF is on the verge
bankruptcy but acknowledged the federation has to meet a number of
challenges.

“I am optimistic about the future,” he said. “We are
facing a number of challenges and we have to do our best to come out on
top, but I think we are in a good situation.

“At the highest
level, what happened in Beijing and Berlin indicated that our sport is
still number one in the Olympic movement. As a sport we need stars, and
in Usain Bolt we have one of the biggest stars, not just in athletics,
but in all sports.

Diack confirmed that the IAAF had been
affected by the global financial crisis and has lost income from some
broadcasting organisations, but said its reserves at the end of 2009
were US$79 million, which represents close to two years’ operating
expenses.

“The crisis is making everything difficult and affects
everyone. The dollar euro exchange has not been kind for operational
costs and we have not been earning as much money on our reserves
because the interest rates are so low. We will continue to invest in
the development and promotion of our sport all over the world, but we
will need to cut our expenses. We can’t spend more than our income, but
we have a budget proposed by our Finance Committee which is then agreed
by the council – and these groups are made up of representatives from
every IAAF Area. However, with close to two years in reserves and
increased income from Olympic revenues and the Diamond League, the
situation is challenging but far from being a disaster.”

Diack also confirmed that he will stand for a final term as IAAF President at the IAAF Congress in August 2011.

“In
Osaka I said my dream was to go in 2011,” he said. “But many members of
the IAAF and representatives of the Areas said I shouldn’t make this
decision yet. They want me to complete some of the missions that I
started – such as revamping the competition systems, and introducing
athletics again for kids at schools, and I would also like to stay for
the IAAF Centenary, having been first elected to the IAAF in 1976.
Especially now that there are questions about our financial security, I
believe that it is important to remain in charge and steady the ship.”

“I
may face challenges for the post in 2011, but that’s normal. There were
challengers in Paris in 2003 [when I was re-elected], and in Osaka. We
will go to the IAAF Congress and the delegates will decide.
 
“If
someone else runs and they win, they will be President. If Congress
decides it’s time for me to step down I will take my rocking chair and
play with my grandchildren. I will say congratulations to the winner
and go and do something else.”

However, Diack also said he may
be stand as a presidential candidate in his home country of Senegal in
March 2012 if he’s asked to and, if elected, would then stand down as
IAAF President.

“We have to find someone to rebuild our
democracy as a transition leader for four years,” he said. “If there is
a call for me to be a candidate I will have an obligation to go because
I care deeply about my country. If I win then we’ll have to find
someone else to be IAAF President.”

Reprinted courtesy of the IAAF.org.

Related articles by Zemanta
  • Diack: Semenya announcement by end of June (seattletimes.nwsource.com)
  • Caster Semenya row will be settled by end of June, says IAAF president (guardian.co.uk)
  • Diack: Semenya Announcement by End of June (abcnews.go.com)
  • Allyson Felix hoping Diamond League gives athletics cutting edge (guardian.co.uk)
  • Diamond League 2010 Doha: Lolo Jones puts Beijing Olympic hurdles final behind her (telegraph.co.uk)

Author

  • Larry Eder

    Larry Eder has had a 52-year involvement in the sport of athletics. Larry has experienced the sport as an athlete, coach, magazine publisher, and now, journalist and blogger. His first article, on Don Bowden, America's first sub-4 minute miler, was published in RW in 1983. Larry has published several magazines on athletics, from American Athletics to the U.S. version of Spikes magazine. He currently manages the content and marketing development of the RunningNetwork, The Shoe Addicts, and RunBlogRun. Of RunBlogRun, his daily pilgrimage with the sport, Larry says: "I have to admit, I love traveling to far away meets, writing about the sport I love, and the athletes I respect, for my readers at runblogrun.com, the most of anything I have ever done, except, maybe running itself." Also does some updates for BBC Sports at key events, which he truly enjoys. Theme song: Greg Allman, " I'm no Angel."

    View all posts
Previous Post

2010 Diamond League, Meet # 1: Doha, Qatar, by Alfons Juck, Note by Larry Eder

Next Post

Doha: Event by Event, 9.72w for the 100m, 1;43:00, 12:51.21, 8:06.28, 21.82m, 50.15, World Leaders Galore!, by Alfons Juck, Note by Larry Eder

Larry Eder

Larry Eder

Larry Eder has had a 52-year involvement in the sport of athletics. Larry has experienced the sport as an athlete, coach, magazine publisher, and now, journalist and blogger. His first article, on Don Bowden, America's first sub-4 minute miler, was published in RW in 1983. Larry has published several magazines on athletics, from American Athletics to the U.S. version of Spikes magazine. He currently manages the content and marketing development of the RunningNetwork, The Shoe Addicts, and RunBlogRun. Of RunBlogRun, his daily pilgrimage with the sport, Larry says: "I have to admit, I love traveling to far away meets, writing about the sport I love, and the athletes I respect, for my readers at runblogrun.com, the most of anything I have ever done, except, maybe running itself." Also does some updates for BBC Sports at key events, which he truly enjoys. Theme song: Greg Allman, " I'm no Angel."

Similar Post

Monaco Herculis Diamond League Meeting, the intro
Diamond League

Monaco always delivers

July 15, 2025
Denise Lewis is the new President of  UK Athletics
Interviews

Hannah England on commentary

July 15, 2025
Donavan Brazier’s Long Way Back to running Fast
Cross Country

2025 Summer Mileage Program, July 14, 2025, Week Two , Day One, some thoughts on Donavan Brazier

July 15, 2025
FARAH SAYS SUNDAY’S LONDON MARATHON WILL BE HIS LAST
Athletic History

This Day in Track & Field History, July 13, Jim Thorpe Wins Olympic Decathlon (3 Day event), 1912, Dave Bedford breaks 10,000m WR (1973), written and compiled by Walt Murphy

July 14, 2025
Ten Questions to Eilidh Doyle…(from the RBR Archives 2021)
Interviews

Ten Questions to Eilidh Doyle…(from the RBR Archives 2021)

July 14, 2025
Eilidh Doyle-Passing the Baton, A Documentary Film Edited and Filmed by Urbane Media for Scottish Athletics
Interviews

Eilidh Doyle-Passing the Baton, A Documentary Film Edited and Filmed by Urbane Media for Scottish Athletics

July 14, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe to RunBlogRun's Global News Feed

Wake up to RunBlogRun’s news in your inbox. Sign up for our newsletter and we’ll keep you informed about the Sport you love.

*we hate spam as much as you do

  • Trending
  • Comments
  • Latest
Clyde Hart’s Guide to 400 meter training (from 1996 Super Clinic Notes/World Coaches Notes)

Clyde Hart’s Guide to 400 meter training (from 1996 Super Clinic Notes/World Coaches Notes)

April 5, 2023
2023 Nike Pre Classic: Two Amazing Days of Track & Field!

Noah Lyles, The Clock Doesn’t Lie

March 7, 2024
Grand Slam Track’s Kingston Slam Comes to a Close with 12 Slam Champions

2025 Spring Racing/Training Program, April 11, 2025, week 4, day 5, fourth week of year, Friday is an easy day!

April 12, 2025
USATF / Day Four:  USA’s Assembled Team Is Ready!

Abby Steiner replies via twitter, on the curiosity about her new professional running contract

February 6, 2025
Mondo Duplantis and the Jump that made him the greatest of all time

Mondo Duplantis and the Jump that made him the greatest of all time

8
What happened to the crowd at Eugene?

What happened to the crowd at Eugene?

7
My Five Biggest Takeaways from the Men’s Olympic Trials Marathon, by Oliver Hinson

My Five Biggest Takeaways from the Men’s Olympic Trials Marathon, by Oliver Hinson

7
Asafa Powell, Considering Longevity in Sprinting

The RunBlogrun Interview: Asafa Powell

5
Monaco Herculis Diamond League Meeting, the intro

Monaco always delivers

July 15, 2025
Denise Lewis is the new President of  UK Athletics

Hannah England on commentary

July 15, 2025
Donavan Brazier’s Long Way Back to running Fast

2025 Summer Mileage Program, July 14, 2025, Week Two , Day One, some thoughts on Donavan Brazier

July 15, 2025
FARAH SAYS SUNDAY’S LONDON MARATHON WILL BE HIS LAST

This Day in Track & Field History, July 13, Jim Thorpe Wins Olympic Decathlon (3 Day event), 1912, Dave Bedford breaks 10,000m WR (1973), written and compiled by Walt Murphy

July 14, 2025

Popular Stories

  • Clyde Hart’s Guide to 400 meter training (from 1996 Super Clinic Notes/World Coaches Notes)

    Clyde Hart’s Guide to 400 meter training (from 1996 Super Clinic Notes/World Coaches Notes)

    0 shares
    Share 0 Tweet 0
  • Noah Lyles, The Clock Doesn’t Lie

    0 shares
    Share 0 Tweet 0
  • 2025 Spring Racing/Training Program, April 11, 2025, week 4, day 5, fourth week of year, Friday is an easy day!

    0 shares
    Share 0 Tweet 0
  • Abby Steiner replies via twitter, on the curiosity about her new professional running contract

    0 shares
    Share 0 Tweet 0
  • An epic pole vault competition

    0 shares
    Share 0 Tweet 0
Monaco Herculis Diamond League Meeting, the intro
Diamond League

Monaco always delivers

July 15, 2025
Denise Lewis is the new President of  UK Athletics
Interviews

Hannah England on commentary

July 15, 2025
Donavan Brazier’s Long Way Back to running Fast
Cross Country

2025 Summer Mileage Program, July 14, 2025, Week Two , Day One, some thoughts on Donavan Brazier

July 15, 2025
FARAH SAYS SUNDAY’S LONDON MARATHON WILL BE HIS LAST
Athletic History

This Day in Track & Field History, July 13, Jim Thorpe Wins Olympic Decathlon (3 Day event), 1912, Dave Bedford breaks 10,000m WR (1973), written and compiled by Walt Murphy

July 14, 2025

Recent Tweets

Next Post

Doha: Event by Event, 9.72w for the 100m, 1;43:00, 12:51.21, 8:06.28, 21.82m, 50.15, World Leaders Galore!, by Alfons Juck, Note by Larry Eder

runblogrun

RunBlogRun comments on the global world of athletics, sports & ethics, and the Olympic movement. @runblogrun

Browse by Category

Newsletter

Subscribe to our mailing list to receives daily updates direct to your inbox!

  • Home
  • Archive
  • Contact Us

© 2022 Run Blog Run - All Rights Reserved

No Result
View All Result
  • Archive
  • Contact Us
  • Home page
  • My Account
  • Sample Page

© 2022 Run Blog Run - All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

Select a password for yourself. (minimum length of 8)

Paste here the user biography.

Provide here the twitter screen name. i.e. @RunBlogRun

Provide here the instagram screen name. i.e. @RunBlogRun

Provide here the facebook profile URL. i.e. http://www.facebook.com/RunBlogRun

Provide here the linkedin profile URL. i.e. https://www.linkedin.com/in/larry-eder-5497253

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Archive
  • Contact Us
  • Home page
  • My Account
  • Sample Page

© 2022 Run Blog Run - All Rights Reserved