17:32 / 03.12.2019
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Alisher Usmanov to invest $80 million in the International Fencing Federation by 2020
Photo: Getty Images

The amount of donations by the president of the International Fencing Federation (FIE), businessman Alisher Usmanov to the FIE by 2020 will total $80 million, Inside the games reports.

In 2018, Usmanov invested $16.4 million in the federation. Thanks to this, the Federation recorded a budget surplus of $2.8 million over the past fiscal year.

In total, Usmanov, according to the documents, will invest another $5 million in the FIE in 2019 and 2020. Usmanov’s total investment in the federation will reach $80 million for three Olympic cycles.

It should be recalled that Alisher Usmanov became president of the international federation in 2008.

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