A series of crowdfunding initiatives have been launched in Norway after it emerged that the Norwegian Cycling Federation (NCF) could face bankruptcy due to the costs of staging this year’s edition of the Road World Championships.
The 2017 World Championships concluded in the city of Bergen on Sunday, but Norwegian broadcaster NRK said that the event is expected to run at a significant loss for local organising committee Bergen 2017, a wholly-owned subsidiary of the NCF.
The full financial picture for the NCF is not expected to emerge until sometime next year, but in the wake of the news NRK said Norwegian cycling fans have already commenced widespread fundraising efforts.
The reports come with the Norwegian government suggesting that it is unlikely to step in to accommodate any deficit generated by the staging of Bergen 2017.
Bård Folke Fredriksen of the Ministry of Culture told NRK: “The Cycling World Championships was a brilliant event. There is no application now, but I would like to remind you that the World Championships have already received NOK52m (€5.6m/$6.67m) from the state, they last received NOK10m before the summer. The total amount is NOK12m more than they originally applied for.”
The World Championships culminated with Slovakian star Peter Sagan (pictured) claiming his third consecutive title in the elite men’s race.