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World Congress
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FIVB reviews and adopts
financial policy |
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Porto, Portugal, May 12, 2004 - The FIVB Congress in Porto
reviewed and re-adopted on Wednesday its key financial policies
to increase revenue through:
• Granting commissions to FIVB members negotiating and
finalising contracts that generate revenue for the FIVB
• Allocating prize money for teams and players in order to
attract sponsors to Volleyball events
• Developing major events like the World League, World Grand
Prix, Swatch-FIVB World Tour, Grand Champions Cup etc
Commenting on this policy the FIVB President Dr. Rubén Acosta
confirmed that prize money for the World League, which was $1
million when launched in 1990, will have $13 million prize money
this year.
The Swatch-FIVB Beach Volleyball World Tour will have over $5
million prize money. |
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