World Sailing renews with Rolex, earmarks new sponsorship revenue to repay IOC loan

World Sailing, the world governing body of the sport, has extended its long-running sponsorship with the Swiss watchmaker Rolex and intends to bring in new sponsorship revenue of at least £1.5m (€1.67m/$1.94m) between 2021 and 2024 to help pay back a loan from the International Olympic Committee.

The renewal was announced ahead of a financial report delivered at World Sailing’s general assembly held yesterday (Sunday).

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