The measuring system makes it possible to correct a finish time for an athlete in a running race. The system comprises a personalized transponder module placed on an upper part of the athlete's body and a base station. The transponder module comprises a signal receiver unit, a data, measurement or command processing unit, and a data and/or measurement and/or command signal transmission unit, and a motion sensor for providing measurement signals to the processing unit. The motion sensor may be a gyroscope connected to the processing unit in the transponder unit and configured to determine an angle of inclination of the athlete's body with respect to a vertical or horizontal direction upon crossing the finish line for correction of the race finish time.