The FEI has announced in a videoconference that they expect a loss of 7,7 million euros. This loss is a consequence of the Corona crisis. The main cause for this loss is the huge amount of competitions that had to be cancelled.
The FEI will earn 25 million euro this year but has to cope with the loss as well. Therefore some measures have to be taken since the FEI needs to save 19,43 million.