Swimming: Mexico pulls out of hosting world event
Mexico’s public finances have been hit by a fall in the price of oil.
“We have informed the International Swimming Federation (Fina) that Mexico will no longer host the World Championships,” said sports official Jesus Mena. PHOTO:STOCK IMAGE
MEXICO CITY:
Mexico withdrew from hosting the 2017 World Swimming Championships on Wednesday as part of a massive drive to cut public spending.
“We have informed the International Swimming Federation (Fina) that Mexico will no longer host the World Championships,” said sports official Jesus Mena. Mexico has already spent $9.5million on the event and will have to pay $5million more to Fina.
Published in The Express Tribune, February 20th, 2015.
Mexico withdrew from hosting the 2017 World Swimming Championships on Wednesday as part of a massive drive to cut public spending.
Mexico’s public finances have been hit by a fall in the price of oil, on which it counts for export revenue, and it is hoped that cancelling ‘Guadalajara 2017’ will save the country around $85million.
“We have informed the International Swimming Federation (Fina) that Mexico will no longer host the World Championships,” said sports official Jesus Mena. Mexico has already spent $9.5million on the event and will have to pay $5million more to Fina.
Published in The Express Tribune, February 20th, 2015.