International Swimming League accused of financial mismanagement by former leaders

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The International Swimming League (ISL) was accused of failing to pay vendors and vendors two years ago by two former show executives.

The duo, Jean-François Salessy, managing director of the Energy Standard team and ISL’s commercial director, Hubert Montcoudiol, resigned their positions in November of last year due to what they saw as a multitude. governance, financial and ethical issues.

In an open letter, “Nothing has changed”, published at Australian Leisure Management today, Salessy says ISL saw that “swimmer agents, general managers, service providers, technicians and support staff are just extras in this film, replaceable at will.”

This follows an open letter sent by Salessy upon his resignation, which strongly criticized ISL founder Konstantin Grigorishin for his approach to managing the league.

In the last letter, Salessy and Montcoudiol wrote that ISL allegedly neglected to properly pay vendors and support people, such as press officers, webmasters, team leaders and even some elite swimmers.

Without specifically naming any company or person, Salessy and Montcoudiol wrote that what they witnessed directly contradicts ISL’s promise to honor all supplier obligations before season three.

However, Australian Leisure Management is aware that the content agency LiveWire Sport has taken legal action for the non-payment of its debts by the ISL.

In a statement, he said that “we have been waiting for more than 10 months for full payment for the services provided to ISL for the first season.

“This despite ISL acknowledging the debt and declaring that it intends to pay the outstanding amount.

“We have received advice from lawyers in the UK and Switzerland (where ISL is registered) and our lawyers in the UK have sent a letter to ISL advising them that if the debt is not fully paid we will engage legal proceedings in England and, if necessary, will also take action in Switzerland.

A year later, Salessy and Montcoudiol are now claiming a large part of the debts that remain unpaid.

Their open letter read, “Last November, we resigned our positions as Head Commercial ISL and General Manager Energy Standard, denouncing the lightness of ISL’s practices towards its suppliers and employees.

“As of September 17, 2021, seven matches in ISL season 3, the situation remains the same: the bills remain unpaid!”

The statement says the current season has been staged “despite persistent problems with creditors,” ISL’s “unprofessional behavior” is “yet to be resolved” and not all swimmers have received payment .

Salessy and Montcoudiol sued “some audiovisual production partners, and other essential sellers are paid on an arbitrary basis while others are not.

“The list of victims of such behavior includes some Hungarian salespeople, a communications agency, press officers, travel agencies, team leaders, operational managers, webmasters, digital agency specialists and other consultants. “

Claiming that the total amount owed is now in seven digits, their statement concludes “It is clear that ISL’s founder, CEO and management team are breaking their promises.

“They hide by arguing that ‘the contracts are not in place’, that ‘we recognize that there are problems’ or that’ we are surprised to hear that there are problems’ and that ‘we are actively working to resolve the issues … ‘

“The swimming ecosystem no longer needs to be weakened.

“To generate hopes and then to disappoint them is terrible.”

ISL has previously claimed it will have to “close all outstanding issues of the past” before preparations for the current season begin.

In a November 2020 statement, he advised “for the first two seasons we have mainly focused on showcasing the talent of the athletes and our product to the widest possible audience.

“We had hoped for significant revenues but along with the impact of the pandemic, our business operations have also failed significantly with most projections failing to materialize.

“The way we approach the market will have to be different in the future.

“Our headlong approach to delivering the 2020 season may have caused friction with some suppliers, but we will honor all obligations, which represent less than five percent of last year’s overall spend.”

The Separatist League is funded by Ukrainian billionaire Grigorichin, who claimed the ISL helped save the sport amid the closure of swimming pools and the lack of competitive events during the COVID-19 pandemic.

Editor’s note: The allegations of Jean-François Salessy and Hubert Montcoudiol have not been independently investigated by Australian Leisure Management.

Click here to read the open letter from Jean-François Salessy and Hubert Montcoudiol.

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