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Nike deal saves UK Athletics from bankruptcy after £3.7m loss


The governing body is set to publish its accounts for the financial year ending on March 31

Matt Lawton, Chief Sports Correspondent
Wednesday December 06 2023, 9.00am GMT, The Times


UKA lost nearly £800,000 from the Birmingham Diamond League in 2022, which was the test event for the Commonwealth Games


UKA lost nearly £800,000 from the Birmingham Diamond League in 2022, which was the test event for the Commonwealth Games

The financial crisis at UK Athletics has deepened with the news that the governing body has suffered further losses of £3.7 million, with a front-loaded sponsorship deal with Nike the only reason bankruptcy has been averted.

The outlook 12 months ago was bleak when accounts for the previous financial year revealed losses of £1.8 million and a fall in cash reserves from from £2.2 million to £430,000 in the space of a year.