Here is an excerpt from the PTG press release on Dryden's presentation:
FIVB, FINA, FIFA . . .
When Dryden was enjoying a successful swimming career, she had little time to focus on the financial affairs of FINA. However, since she ended top level competition, she has seen her sport’s governing body become richer, more secretive and less accountable.
FINA has 22 full time staff, and its administrative budget for 2008 was $3.3 million, she pointed out. However, the organisation’s increasingly hefty revenues are not being reflected in its funding for development programmes and provision of prize money.
In 2005, FINA ended the year with excess funds of USD 9 million, but spent just USD 300,000 on development programmes, Dryden said. In some cases, she added, basic safety safeguards, such as equipping lifeguards with binoculars, are being compromised, while at the same time, athletes are increasingly being forced to wear the logos of FINA and its sponsors.