Lausanne, Switzerland – Members of the Global Association of International Sports Federations (GAISF) have approved the final steps in the liquidation of the organisation at an Extraordinary General Assembly (EGA) held today.
At the EGA today, the GAISF members approved the final balance sheet drawn up by liquidators Ernst & Young. They also approved the distribution of the liquidation proceeds to the IF umbrella bodies (ASOIF, AIOWF, ARISF and AIMS), following the principles agreed by the GAISF members in November last year when they voted to dissolve the organisation.
SportAccord, which has taken on some of the activities of GAISF, is due to approve a new set of Statutes in November 2023 at the IF Forum in Lausanne. These will include a revised governance structure whereby all the IF umbrella bodies (ASOIF, AIOWF, ARISF and AIMS) will be represented.