The Norwegian Ski Association’s budget deficit for 2023 will amount to more than $2 million, VG reports.
According to the source, in 2023, the expenses of five of the six branches of the organization exceeded the budget. It is estimated that the association’s total debt will amount to more than 22 million Norwegian crowns (approximately $2.07 million).
It should be noted that the organization is experiencing a deficit for the second consecutive year. In 2022, the association lost 10.3 million Norwegian crowns (more than 971 thousand dollars). According to the head of the cross-country skiing committee, Torbjörn Skogstad, in 2022 the organization’s losses were related to the costs of preparing for the 2022 Olympic Games in Beijing, and in 2023 the debt was due to difficult sponsorship conditions. market, the weak crown exchange rate, high inflation and the lack of subsidies.
“We are now seeing improvements in the sponsorship market and expect revenue to increase. In 2024, the budget predicts a profit of 9 million Norwegian crowns (more than 848 thousand dollars) – quotes VG Skogstad.
Russian skiers have been suspended from competitions under the auspices of the International Ski Federation FIS due to the situation in Ukraine.
VG
Source : MatchTV
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