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.