The governing body world badminton Badminton World Federation (BWF) has released its financial reports for the financial year 2019. According to a report published in InsidetheGames, the Kuala Lumpur-headquartered body did a total gross income of $25.8 million in the FY19 ending December. The overall expenditure of the world body for the same period was $28.3 million which resulted in operating deficit of $2.5 million. This compares with a $4.4 million operating surplus and $4.7 million total surplus in 2018.
The BWF Annual General Meeting (AGM) was originally scheduled to take place in Aarhus (Denmark) on 22 May 2020, before being postponed to 21 August. The BWF has just postponed the TOTAL BWF Thomas and Uber Cup Finals to October, however the AGM has participants from many more countries (about 130) who usually attend the AGM. It may not be possible to host a face-to-face AGM at any time this year because the continuing restrictions on travel will affect delegates travelling to the AGM.
“The Covid-19 crisis has had a major impact on the whole world, our global badminton community, and our ability to host the BWF AGM 2020. There have been many lockdowns and restrictions on international travel so that’s why Virtual AGM is being proposed” says BWF release.
The release further says that the BWF Council has looked for alternatives in order to deal with the Agenda for the AGM 2020 – circulated on 03 April 2020 (linked here) and has proposed to the BWF membership to host a decision making Virtual AGM to complete the business of the meeting. Hosting a Virtual AGM 2020 requires the consent of the membership. The BWF has sent information on the proposal to the membership and a proposal for members. Members have until Friday 15 May to send back the Voting Form in response to the proposal to host the AGM 2020 virtually.