The end of the 2020 International Swimming League season has been marred by complaints from vendors who say the league hasn’t paid them. A new report suggests another organization is still owed for the 2019 season.
Media company IMG is still awaiting full payment for their broadcast services for the 2019 season, which has been over for almost a year, according to a report by SportBusiness.
The report says that the ISL still owes IMG “a six-figure sum (in pounds sterling)” after paying only a portion of the payments from the 2019 season. Neither the ISL nor IMG Media gave official comment in that story.
IMG Media provided broadcast services for the 2019 ISL season, which ran from October through December of 2019. They did not work on the 2020 season, which was broadcast by NEP, according to the SportBusiness report.
The ISL has been under fire the past few weeks over financial and organizational complaints. LiveWire Sport instructed its lawyers to begin legal proceedings last week, claiming that the ISL owes their company a six-figure sum for the 2019 season.
Meanwhile former Energy Standard General Manager Jean-Francois Salessy resigned from his post and wrote an open letter harshly criticizing the league and its founder Konstantin Grigorishin. Salessy criticized the league for a lack of transparency and fairness between the franchises, and said he wasn’t allowed to carry out his GM duties for Energy Standard.
And as of last week, multiple athletes had told SwimSwam that their first solidarity payments – scheduled to be due on October 31, had not been paid yet, and that no prize money had been distributed at all.
The ISL released a statement last week, admitting that revenues have been much lower than projected amid both the pandemic and the failures of some of the league’s commercial operations. It has pledged to “honor all obligations” to its suppliers, which it says are “less than 5 percent of last year’s overall expenditure.” The league has not released any new statement about the season 1 debts allegedly owed to IMG Media.
The reason ppl.are ‘ billionaires” is they don’t pay bills.
I don’t understand why Constantine doesn’t step up and pay what he has promised to the athletes and other contracts? After all, he is a billionaire!
What is the official reason why he isn’t allowed to set foot into the USA?
He does not have the money.
Welcome to 2020
This is so interesting
I heard John Leonard needs to get his cut first. He didn’t make enough money from ASCA…
As soon as you get your check, Run to the bank (Don’t walk) and cash that bad boy ASAP…
Really sucks that swimming regularly turns out some of the highest viewership during the Olympics but cant gather the level of popularity outside of it. This is fast swimming! I wish I had a solution for increasing viewership that was efficient and cheap- but that’s a a pipe dream.
The athletes seem fully supportive of ISL on social media. Maybe they just appreciate the racing part, or think they will eventually be paid?
I believe they are just appreciating the opportunity to race and train during this pandemic at a high level.
I’m sure part of their contract is to be supportive of ISL on social media. For now, they are doing what they are supposed to do. Once the house of card starts to collapse, though… well, we will hear about it.
I have spoken to several athletes, including ones who wouldn’t lie to me.
Their take is generally this:
Some of them were willing to acknowledge privately that they recognize the structural problems… Read more »
Reading between the lines, its sounds like everyone is getting ready to receive a lot less than what was promised.
I wouldn’t say that. The athletes haven’t gotten any indication that they won’t get paid, though there may be some wingeing around the edges about athletes who left early. It’s just a general sense of anxiety about it since the first solidarity payment is late and all of these other companies haven’t been paid.
Most professional athletes aren’t used to getting a “paycheck,” per se, from a corporation, so I would imagine regardless of the IMG and Livewire and La Presse and Flying Fish issues, they’d never feel totally settled until the check clears. I think that’s just the way people are about money. They all got paid last season, so in general they think they’re going to get paid.… Read more »
When a league folds you don’t get paid or in this case the swimmers really have bought in and will accept the paycut to have a path forward to next season. Any chance they can get some funding from USA swimming or a partnership with FINA? It seems they need some additional deep pockets to get this thing going.
Yes, FINA is going to help out the athlete’s who helped startup a competitor when they’ve had a monopoly on the sport for years. Not like FINA was being sued for antitrust or anything
This sounds like an NCAA structure without the college.
Even if they’re not getting paid as promised there is still a lot of value. And honestly there are a lot of athletes who only had 4 or 5 digits with the first digit being under “4” on that payout list.
Overall I think it fills the void of structure for post grads and that’s a good thing.
Serious question — buda-belly as in a little pudge? What did they do to fix it/get another food source? So interesting!
buda-belly in terms of there were some gastrointestinal issues floating around the bubble. The athletes seem ready to blame it on food poisoning, could have just as easily been gastroenteritis. A few of the athletes who missed meets early in the season were dealing with GI issues.