Big Sponsor Helps Norwegian Skiing Out Of Financial Hole, But Changes Are Dire

Big Sponsor Helps Norwegian Skiing Out Of Financial Hole, But Changes Are Dire

Money & Finance, Newsfeed
- In a full turnaround Sparebank1 re-signed as a main sponsor of the Norwegian ski federation. It's a lifeline: previous info suggested that they would not extend the deal leaving a gaping hole in the Team Norge finances. The deal is worth NOK 10mln per year for two years. At the current exchange rate it's around 870k euros - a year ago it would be more like 1 million euros. With a lot of expenses - travel, lodging etc. denominated in euros, it's still a significant decline, but it should be enough to cover team's basic needs in the competition season of 2020/21. - At the same time, big departure from previous policies announced. Hitherto almost all the sponsorship was done on centralized basis and was the strictest known in…
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Thea Murud About Her 347K Tour De Force

Thea Murud About Her 347K Tour De Force

Leaders, Newsfeed
Thea Krokan Murud - about her ultra-long skiing gig on the weekend: - There was two of us: my friend Julie Vollum Bø (Norway's ex U23 champion in cycling and ultrarunner ) - No, were not trying to set a new world record, just wanted to go skiing for 24 hours. - The loop was about 15 km, in Lillehammer. - The food that works best is the food you really like, because you have to eat a lot - even when you don’t really want to. I used sports drinks, bars, homemade buns, chocolate, candy, Coke - everything I could’ve think of f with a lot of sugar in it. - The important thing was to keep warm so my Swix Paragon jacket was a good choice - warm…
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Thea Murud Does 347 Kilometres In 24 Hours

Thea Murud Does 347 Kilometres In 24 Hours

Leaders, Newsfeed
Thea Krokan Murud went for a spot of skiing yesterday... 24 hour spot of skiing , to be precise - that ended in 347 kilometres covered. Murud, 25, runs for famed Team Ragde Eiendom. ...we shall try to update this story with more details as they become available... Photo courtesy of @theamurud Instagram
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Crisis Hits Norges Skiforbund

Crisis Hits Norges Skiforbund

Newsfeed
The Norwegian Ski Federation is in full-blown financial crisis. The Skiforbund has lost its funding to the tune of NOK 50 million (about 4.3 million euros at the current exchange rate) for this budget year . Two thirds of personnel will be made redundant or moved to part-time employment arrangements as of March 30th. The Dailyskier has learned that all Norwegian national cross country skiing team' camps are formally cancelled all the way till autumn, the skiers are told to make their own arrangements until then. We have little doubt that Johaug, Klaebo and a few other leading athletes would be able to pay for the camps they deem necessary out of pocket, but at the end of March nobody would dare to predict when skiers' favorite spots in the…
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FIS Congress Postponed, Kasper To Continue As President

FIS Congress Postponed, Kasper To Continue As President

Newsfeed
The International Ski Federation has formally announced on Friday that its Congress in Pattaya, Thailand, scheduled for May, is no longer happening. A new date and location for the Congress to convene is yet to be announced. Gian Franco Kasper,76, will continue serving as the FIS president until the Congress elects his replacement. Whenever the new Congress shall convene, they will have a massive new additional subject to discuss: what to do about diminished sponsorship income after the pandemic.
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