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World Athletics incurred $17.4m loss in 2019, despite RusAF payment

World Athletics president Sebastian Coe at 2019 World Athletics Awards (by VALERY HACHE/AFP via Getty Images).

World Athletics registered a loss of $17.42m (€14.71m/£13.58m) in 2019, further eating into its cash reserves in the year before the Covid-19 pandemic struck the sports industry.