The International Equestrian Federation (FEI) has reduced its expected losses for 2021 to CHF782,000 (€714,000/$851,000), down from CHF1.32m predicted at the start of the year, after it was able to restart some of its events.
Following an Executive Board meeting earlier this week, the FEI said the CHF541,000 reduction was “in part” due to the restart of competitions following an easing of Covid-19 restrictions.
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