UCI could step in as Bergen continues to struggle with World Championships debt

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UCI could step in as Bergen continues to struggle with World Championships debt

The UCI could step in and hand the Norwegian Cycling Federation (NCF) a partial fee waiver for hosting the 2017 Road World Championships as the organisers continue to struggle to balance the books and the threat of bankruptcy continues to loom.

The 2017 Worlds in Bergen were widely hailed as a success, attracting huge crowds, but a grim financial picture soon emerged in the aftermath.

The organisers confirmed to Cyclingnews in late September that they had spent significantly more than their budget of 135 million NOK (approximately €14m), with one Norwegian newspaper suggesting the final bill could be as much as 220m NOK.

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At the time, they insisted it would take two or three weeks for the extent of the damage to become clear, but two-and-a-half months on, the organisers are still “working intensively to minimise any eventual losses,” according to a statement Tuesday from the UCI.

“Bergen 2017’s final situation depends on certain outsourced services, the results of which are still being finalized,” read the statement.

“The difficulties are due inter alia to a weakening of the Norwegian Krone against the Euro since 2014, additional costs associated with the challenging global security environment and significantly increased public requirements.”

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You can read more at Cyclingnews.com

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