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PRESS RELEASE – WADA collects record dues payments

WADA COLLECTS MORE THAN 90 PERCENT OF DUES FOR 2004  (12/22/2004)U.S. Payment of $1.44 Million ReceivedAdditional $3.7 Million Received for 2002 and 2003Montreal, December 22, 2004 – The World Anti-Doping Agency (WADA)announced today that it has collected approximately 94 percent, of itsdues from governments and the Olympic Movement for 2004. This figure isthe highest percentage of payments collected by the Agency in a calendaryear since WADA was founded.The United States recently paid its dues of U.S. $1.44 million, thesecond highest amount paid to WADA by a government this year. The

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By World Anti-Doping Agency

WADA COLLECTS MORE THAN 90 PERCENT OF DUES FOR 2004  (12/22/2004)
U.S. Payment of $1.44 Million Received
Additional $3.7 Million Received for 2002 and 2003Montreal, December 22, 2004 – The World Anti-Doping Agency (WADA)announced today that it has collected approximately 94 percent, of itsdues from governments and the Olympic Movement for 2004. This figure isthe highest percentage of payments collected by the Agency in a calendaryear since WADA was founded.The United States recently paid its dues of U.S. $1.44 million, thesecond highest amount paid to WADA by a government this year. The U.S.had reached an agreement with the Canadian Government whereby the two countrieswould pay 75 percent of the dues owed to WADA by the American continent.WADA’s budget is financed equally by governments and the Olympic Movement.The International Olympic Committee (IOC), which makes payments to WADAon behalf of the Olympic Movement, matches dollar for dollar contributionsmade to the Agency by governments.“We are very pleased with the effort governments have made in 2004 tofulfill their financial obligations to WADA,” said Richard W. Pound, WADA’spresident. “It seems the mechanisms are now in place for governments topay in a timely manner, which will ensure that WADA has the resources itneeds to carry out its responsibilities.”WADA amended its statutes this year to require that all governmentspay their dues or be excluded from participation at WADA Foundation Boardand Executive Committee meetings, as well as risk sanction from the sportingmovement by being barred from hosting international events.In addition to the monies collected for dues in 2004, WADA has alsocollected $3.7 million for funds due in 2002 and 2003.The Agency has also already received $460,000 in dues owed for 2005.The Oceania region has fulfilled its entire financial commitment to WADAfor next year.