They haven't been provided to us in writing at the present time. We hope to have that shortly.
I can share—it's been shared with our athletes and our staff—that they have applied conditions to our receiving the funding, including having an executive director in place, making changes to our governance, adding board members—we're missing key members of our board of directors and we're on the hunt for a treasurer right now and for another board member—and making sure our bylaws are written and there's staff board training, which we're all undertaking currently. We're already in the process of rewriting our bylaws. Those are some of the examples they've given us.
There will be a significant reduction in some of our funding. We will be on a probationary period for one year, whereby we want to ensure that our organization is stable from an operational perspective, that we have our governance buttoned up with respect to the bylaws and that we have an educated and functioning board, which we are already working hard at.
They will reveal those specific guidelines to us. They've just communicated this to us personally. Dr. Norris and I had a meeting up front with them about what they were planning to do. We just met with our board on Friday, just days ago, and with the athlete group, to inform them that there is change on the horizon.
One of the changes I will share is that our core sport status for bobsleigh has been suspended temporarily, and we have to work hard to make sure we can get that back, as well as support for some of our development athletes. It's understandable. We actually asked for more accountability. It was one of the things I did right away. I told them to make us more accountable and to hold us more accountable. We want that. We need that. We want to establish that trust. Whatever it takes to be able to do so, that's something we asked for, personally, right out of the gate. We understand that.
It is difficult, certainly, for the athletes to understand. I can share that they worked very hard to bring in new administration, and they feel a little bit upset by potential funding cuts. It seems paradoxical to them right now that they asked for change, and then their funding is being challenged. That is something we need to work really hard to.... We've done a lot of work to build trust with the athletes—a lot of communication, a lot of time and open town halls where they could voice their concerns.
We understand, and we're going to work together to create the most positive environment. We trust our partners' handling of this completely. We know we can work together for the best possible outcome. This is going to help us ultimately be stronger.