Comrades Marathon denies financial problem speculations
Comrades Marathon Association (CMA) Tried to distance itself from inaccurate media speculation that 100-year-old road vehicles are in a dangerous financial position.
This comes after this week’s announcement that the 2021 race was canceled due to the coronavirus, as it was in 2020.
“We want to correct recent media reports claiming that the Comrade Marathon Association is facing financial difficulties and the future of the race is at stake,” Cheryl Win said in a statement on Friday.
“On the contrary, despite the cancellation of the second consecutive edition of the Comrade Marathon due to Covid-19 and the resulting blockade and consequent restrictions on mass participation sporting events, it is actually in a healthy financial position. ..
“Last year, we hosted our first highly successful virtual comrade marathon event and planned another event on June 13th, and we’ve accumulated 28 million rants over the last two decades to sustain our future. We are in a privileged position to have more than a reserve fund for our world-famous event.
“In fact, the CMA is currently in a very healthy financial position, thanks to the careful financial management of the current board and the foresight of the previous administration to secure funding in anticipation of a future’rainy day’. It is in.
“The oldest, largest and most famous ultramarathon in the world, and one of South Africa’s most important sports treasures, is facing a tight financial future or is on the verge of closing. I want to stop speculation.
“The mention of potential staff reductions is premature and unfounded. To staff who have provided viable suggestions to survive the storm and continue to serve the organization diligently in the current harsh climate. Thank you.
“The CMA Board’s top priority is to protect the health, safety and well-being of runners, staff, volunteers, sponsors, stakeholders and South Africans, while its top priority is to be a symbolic state agency. Maintaining a volunteer marathon and is economically important for stakeholder sports in Kwazul Natal and South Africa for the next 100 years.
“What CMA is doing effectively and responsibly is to string the purse in case the next comrade marathon can be held safely, in line with the green light from the state and national athletics federations. Protecting all possible resources. With government regulations. “
posted Saturday February 13th
by Richard Damato