New FIS president Alexander Ospelt addresses financial challenges

Alexander Ospelt, the newly appointed president of FIS, is taking steps to address significant financial issues within the organization, highlighted by a potential structural deficit of 20 million Swiss francs each year. Ospelt, who succeeded Johan Eliasch in June, emphasized the need for transparency and improved communication with member federations. He acknowledged a split between FIS leadership and federations and indicated that restoring trust would require considerable dialogue. Ospelt has initiated cost-cutting measures and is actively seeking new sponsorship deals while also engaging the International Olympic Committee for increased funding support.

• 10:03 AMYahoo Sports — New FIS president Ospelt to tackle financial problems