Financial-Economic Environment for the Royal Spanish Athletics Federation after Covid19

ABSTRACT

The purpose of this paper is to show a forecast of the economicfinancial environment for the Royal Spanish Athletics Federation (RFEA) after COVID19 based on the Austrian Economics approach. To do so, we achieve several economic-financial scenarios using a forecast of RFEA revenues with the AAA version of the Exponential Triple Smoothing (ETS) algorithm and interpret the results based on the Austrian Economics approach with information on the Spanish economic situation and the budget of the National Sports Council (CSD) as the main source of funding. The results show that, although national federations, such as the RFEA, have sufficient net worth to absorb the negative results and responsible behavior is not rewarded in these public or semi-public bodies, the RFEA should try to adapt its expenditures to the new level of expected income to avoid major financial problems in the future. The result of the work can serve as a starting point for a reflection on the future of the RFEA and any other Sports Federation.