Vladimir Lisin has failed to fulfil a promise to provide prize money for the ISSF President's Cup in Cairo after being ousted as the governing body's President ©ISSF

Russian oligarch Vladimir Lisin has reneged on a commitment to provide the prize money for the International Shooting Sport Federation (ISSF) President's Cup in Cairo after he was voted out as head of the world governing body.

It is not the only problem that Lisin and former ISSF secretary general Alexander Ratner have left behind with the new management team led by Italy’s Luciano Rossi still struggling to regain control some of the organisation’s official social media accounts, including Twitter.

The ISSF President's Cup, featuring the 12 top athletes in each individual Olympic event according to the 2022 world rankings, offered a total prize pool of €792,000 (£681,000/$835,000).

Each of the disciplines offered €66,000 (£57,000/$69,000) prize money, with the winner earning €15,000 (£13,000/$16,000).

"The prize fund is established by the ISSF President," the International Federation had announced on its website in September.

According to Forbes, Lisin is worth $25.4 billion (£20.7 billion/€24.1 billion), making him the third richest man in Russia and 58th richest in the world.

But, after Lisin was unseated as ISSF President two days into the competition when he was beaten by Italy’s Luciano Rossi 136 votes to 127 at the election in the Egyptian resort Sharm El-Sheikh, he withdrew his promise of financial support for the event.

Luciano Rossi, right, celebrates with Willi Grill, left, after being elected the new President of the ISSF ©ISSF
Luciano Rossi, right, celebrates with Willi Grill, left, after being elected the new President of the ISSF ©ISSF

The money was supposed to have been provided by the Fletcher Group, which control the assets of Lisin, including Novolipetsk, which has been linked with supplying steel for Russia's war in Ukraine.

Among the highlights of the tournament was India's reigning world champion Rudrankksh Patil defeating Italy’s world number one Danilo Sollazzo in the men's 10 metres air rifle final to win the gold medal.

New ISSF secretary general Willi Grill, who replaced Ratner who fled Egypt along with Lisin following the election, confirmed that they were now investigating ways of ensuring the athletes received their prize money, including via sponsors and donors.

"The athletes should not suffer," Grill told insidethegames.

"The situation that the Russian leadership left behind shows how much they cared about our sport.

"President Rossi will try to ensure that the athletes receive their money."

The ISSF is also still trying to gain access to the ISSF’s official Twitter account.

Currently, the last post on the page is the controversial open letter sent by Ratner to all the ISSF National Federations on November 24 in which he backed Lisin’s election campaign and tried to undermine Rossi.

Grill told insidethegames that they are currently exploring ways to regain control of the account and were asking for patience to sort out this, along with several other problems.

The new management team at the ISSF are currently trying to regain control of the official Twitter account, which has not been updated since Vladimir Lisin was unseated as President ©ITG
The new management team at the ISSF are currently trying to regain control of the official Twitter account, which has not been updated since Vladimir Lisin was unseated as President ©ITG

"We ask everyone for their understanding," Grill said.

"We will find a way out."

Lisin, meanwhile, has left a farewell message to his supporters on his official Facebook page.

"Despite everything, true friends remain forever," he wrote.

"Thanks to everyone who supported our team.

"We are open for communication.

"Good luck and success to everyone who will develop and promote our sport."