The deficit after the World Ski Championships is expected to be anywhere from one to 50 million kroner.

The deficit after the World Ski Championships is expected to be anywhere fromThe deficit after the World Ski Championships is expected to be anywhere fromThe deficit after the World Ski Championships is expected to be anywhere fromto 50 million kroner.to 50 million kroner.to 50 million kroner.

This was confirmed at a meeting with creditors on Tuesday evening.

This was confirmed at a meeting with creditors on Tuesday evening.This was confirmed at a meeting with creditors on Tuesday evening.This was confirmed at a meeting with creditors on Tuesday evening.

At best, the World Cup company believes they can only leave with a deficit of one million, but creditors believe they owe them more.

At best, the World Cup company believes they can go with justAt best, the World Cup company believes they can go with justAt best, the World Cup company believes they can go with justAt best, the World Cup company believes they can go with justAt best, the World Cup company believes they can go with justAt best, the World Cup company believes they can go with justmillion in deficit, but creditors believe they owe them more.million in deficit, but creditors believe they owe them more.million in deficit, but creditors believe they owe them more.million in deficit, but creditors believe they owe them more.million in deficit, but creditors believe they owe them more.million in deficit, but creditors believe they owe them more.

Disagreement about requirements

Disagreement over claimsDisagreement over claimsDisagreement over claimsDisagreement over claimsDisagreement over claimsDisagreement over claims

The total outstanding amount and values are estimated to be NOK 85.38 million. This is the money the World Cup company believes they have or will receive, but it is pointed out that these are also uncertain figures.

The total outstanding amount and values are estimated to be NOK 85.38 million. This is money that the World Cup company believes they have or will receive, but it is pointed out that these are also uncertain figures.The total outstanding amount and values are estimated to be NOK 85.38 million. This is money that the World Cup company believes they have or will receive, but it is pointed out that these are also uncertain figures.The total outstanding amount and values are estimated to be NOK 85.38 million. This is money that the World Cup company believes they have or will receive, but it is pointed out that these are also uncertain figures.The total outstanding amount and values are estimated to be NOK 85.38 million. This is money that the World Cup company believes they have or will receive, but it is pointed out that these are also uncertain figures.The total outstanding amount and values are estimated to be NOK 85.38 million. This is money that the World Cup company believes they have or will receive, but it is pointed out that these are also uncertain figures.The total outstanding amount and values are estimated to be NOK 85.38 million. This is money that the World Cup company believes they have or will receive, but it is pointed out that these are also uncertain figures.The total outstanding amount and values are estimated to be NOK 85.38 million. This is money that the World Cup company believes they have or will receive, but it is pointed out that these are also uncertain figures.The total outstanding amount and values are estimated to be NOK 85.38 million. This is money that the World Cup company believes they have or will receive, but it is pointed out that these are also uncertain figures.The total outstanding amount and values are estimated to be NOK 85.38 million. This is money that the World Cup company believes they have or will receive, but it is pointed out that these are also uncertain figures.The total outstanding amount and values are estimated to be NOK 85.38 million. This is money that the World Cup company believes they have or will receive, but it is pointed out that these are also uncertain figures.This is money that the World Cup company believes they have or will receive, but it is pointed out that these are also uncertain figures.

The company’s administration recommends that the total claims to be approved be in excess of NOK 86 million.

The company’s administration recommends that the total claims to be approved be in excess of NOK 86 million.The company’s administration recommends that the total claims to be approved be in excess of NOK 86 million.The company’s administration recommends that the total claims to be approved be in excess of NOK 86 million.The company’s administration recommends that the total claims to be approved be in excess of NOK 86 million.The company’s administration recommends that the total claims to be approved be in excess of NOK 86 million.The company’s administration recommends that the total claims to be approved be in excess of NOK 86 million.

However, if you add up the individual creditors’ claims, the claims amount to NOK 134.25 million.

However, if you add up the individual creditors’ claims, the claims amount to NOK 134.25 million.However, if you add up the individual creditors’ claims, the claims amount to NOK 134.25 million.However, if you add up the individual creditors’ claims, the claims amount to NOK 134.25 million.However, if you add up the individual creditors’ claims, the claims amount to NOK 134.25 million.However, if you add up the individual creditors’ claims, the claims amount to NOK 134.25 million.If you add up the individual creditors’If you add up the individual creditors’If you add up the individual creditors’If you add up the individual creditors’If you add up the individual creditors’If you add up the individual creditors’claims reviewsclaims reportsclaims reviewsclaims reportsclaims reportsclaims reportsHowever, the requirements are NOK 134.25 million.However, the requirements are NOK 134.25 million.However, the requirements are NOK 134.25 million.However, the requirements are NOK 134.25 million.However, the requirements are NOK 134.25 million.However, the requirements are NOK 134.25 million.

This will result in a deficit of nearly fifty million.

This will result in a deficit of nearly fifty million.This will result in a deficit of nearly fifty million.This will result in a deficit of nearly fifty million.This will result in a deficit of nearly fifty million.This will result in a deficit of nearly fifty million.This will result in a deficit of nearly fifty million.This will result in a deficit of nearly fifty million.This will result in a deficit of nearly fifty million.This will result in a deficit of nearly fifty million.This will result in a deficit of nearly fifty million.This will result in a deficit of nearly fifty million.

– The champagne is definitely not popping

– There were more funds in the company than I had thought, so in the misery this is better than I had thought. But there is a big gap between the best and worst case scenario, says Daniel Myrmæl Helgestad, who was the race director in the World Championship.

He finds the numbers startling.

– Both outstanding claims from us creditors, and in addition free funds in the VM company were surprisingly high actually. But as I said, I think there was still a surprisingly large amount of funds in the VM company. So there is a certain probability that we will be left with a large part of our outstanding claim here.

Daniel Myrmæl Helgestad, who was the race director in the World Cup, says they had planned for the worst case all along.

– So the champagne isn’t popping, but it’s still a good day for you creditors?

– So the champagne isn’t popping, but it’s still a good day for you creditors?

– A good day is to go far. The champagne is definitely not popping. But now it looks like we can get something, so at least it’s something, because we worked a lot on this championship.

Many creditors waiting for their money showed up for an orientation meeting tonight

Still great uncertainty

Still great uncertaintyStill great uncertaintyStill great uncertaintyStill great uncertaintyStill great uncertaintyStill great uncertaintyStill great uncertaintyStill great uncertaintyStill great uncertaintyStill great uncertaintyStill great uncertaintyStill great uncertainty

The World Cup company’s lawyer, Marius Gisvold, explained the figures.

The World Cup company’s lawyer, Marius Gisvold, explained the figures.The World Cup company’s lawyer, Marius Gisvold, explained the figures.The World Cup company’s lawyer, Marius Gisvold, explained the figures.

Now negotiations are underway and the result means between 46 and 100 percent return to creditors.

Now it will be negotiated andNow it will be negotiated andNow it will be negotiated andNow it will be negotiated andNow it will be negotiated andNow it will be negotiated and

– It won’t be fully available to everyone, but the alternative is worse, said Gisvold.

GisvoldGisvoldGisvold

He asked for confidence that work is now underway and that this process is in the creditors’ interest.

– There are quite a few millions where there is simply disagreement about what should be invoiced. These are things that the World Ski Championships have not ordered, Gisvold tells NRK after the meeting.

The deficit in the Ski World Championships

October 2020Trondheim gets the World Cup

The championship is awarded to Trondheim. A formal contract between the International Ski Federation, Trondheim Municipality and the Norwegian Ski Federation is signed.

November 17, 2024Budgeted surplus

Ski President Tove Moe Dyrhaug confirms in an interview with Aftenposten that the World Cup is still budgeting a surplus of 20 million kroner.

December 20, 2024Agreement signed

A user agreement for Granåsen is signed between Trondheim Municipality and the World Cup organizer. It clearly states that the organizer must clarify with the municipality in advance if, for example, they are going to make new purchases of machinery and equipment.

February 2025The profit decreases

Just before the World Cup, the forecasts for the profit are adjusted down. Now the championship is expected to make a profit of around 15 million.

May 12th Receives discouraging message

The owners of the World Cup (Norwegian Ski Association, Trondheim Municipality and Sør-Trøndelag Ski District) are informed that the forecasts have changed significantly from earlier.

May 28thConfirms deficit

After a board meeting on May 28th, the World Cup organizer confirms a significant deficit for the first time. They have no idea how big the deficit is. Shortly afterwards, they stop all payments.

3. June Crisis meeting

The owners of the World Cup meet and receive information about the deficit. No one still knows anything about the size of the deficit. The Financial Board in Trondheim calls the financial management of the World Cup a failure.

June 3rdRequest for overview

The Ski World Cup sends a letter to all creditors with a deadline of June 10th to file claims for outstanding amounts.

June 10th50 creditors missing

Around 100 creditors have filed claims, but claims from around 50 creditors are still missing. The Ski Association has filed a claim of eight million kroner to the Ski World Cup.

June 13thSki Association announces million-dollar cuts

The Norwegian Ski Association confirms that they must downsize and cut 27 million kroner after the financial blow in the Ski World Cup.

October 2020Trondheim gets the World Cup

October 2020Trondheim gets the World CupOctober 2020

The championship is awarded to Trondheim. A formal contract between the International Ski Federation, Trondheim Municipality and the Norwegian Ski Association is signed.

November 17, 2024Budgeted surplus

November 17, 2024Budgeted surplus17. november 2024

Ski president Tove Moe Dyrhaug confirms in an interview with Aftenposten that the Ski World Championships are still budgeting a profit of 20 million kroner.

December 20, 2024Agreement signed

December 20, 2024Agreement signed20. December 2024

A user agreement for Granåsen is signed between Trondheim Municipality and the World Cup organizer. It clearly states that the organizer must clarify with the municipality in advance if, for example, they are going to make new purchases of machinery and equipment.

February 2025The surplus decreases

February 2025The surplus decreasesFebruary 2025

Just before the World Cup, forecasts for profits are being revised downwards. The championship is now expected to make a profit of around 15 million.

May 12th Receives discouraging news

May 12th Receives discouraging newsMay 12

The owners of the World Ski Championships (Norwegian Ski Association, Trondheim Municipality and Sør-Trøndelag Ski Circuit) are informed that the forecasts have changed significantly from previously.

May 28Confirms deficit

May 28Confirms deficitMay 28

After a board meeting on May 28, the World Cup organizer confirms for the first time a significant deficit. They have no idea how big the deficit is. Shortly afterwards, they stop all payments.

3. juniKrisemøte

June 3rdCrisis meetingJune 3

The owners of the World Cup meet and receive information about the deficit. No one still knows anything about the size of the deficit. The Financial Commissioner in Trondheim calls the financial management of the World Cup a failure.

June 3rdRequesting an overview

June 3Requesting an overviewJune 3

The Ski World Cup sends a letter to all creditors with a deadline of June 10 to file claims for outstanding amounts.

June 10, 50 creditors missing

June 10, 50 creditors missingJune 10

Around 100 creditors have submitted claims, but claims from around 50 creditors are still missing. The Norwegian Ski Federation has submitted a claim of eight million kroner to the World Ski Championships.

June 13th Ski Association announces million-dollar cuts

June 13thThe Ski Association announces millions in cutsJune 13

The Norwegian Ski Association confirms that they must downsize and cut 27 million kroner after the financial blow from the World Ski Championships.

– Will land somewhere in between

– You are now operating with a best case scenario where creditors get almost 100% of the outstanding amount. How realistic is that?

– You are now operating with a best case scenario where creditors receive almost 100% of the outstanding amount. How realistic is that?

– As was said in the presentation here today, there are two extremes. There is a best case and a worst case, and we will also land somewhere in between. There will be demands and counter-demands that we will work hard on going forward, says chairman Åsne Havnelid of the World Cup company.

Chairman Åsne Havnelid of the World Cup company.Chairman Åsne Havnelid of the World Cup company.Chairman Åsne Havnelid of the World Cup company.

– Are you relieved or disappointed by the numbers you see that you end up with? – We have been working intensely for 14 days now to get this overview. We have gone through every claim notification. And made sure to get the customer receivables in. I am happy that we now see that we have so much funds available so that we can find the best possible solutions with the creditors.

– Are you relieved or disappointed by the numbers you see you end up with?

From 20 million plus

Two months after the last pole vaults were taken in Granåsen, the warning lights began to light up for the championship’s finances.

Two months after the last pole vaults were taken in Granåsen, the warning lights began to light up for the championship’s finances.Two months after the last pole vaults were taken in Granåsen, the warning lights began to light up for the championship’s finances.Two months after the last pole vaults were taken in Granåsen, the warning lights began to light up for the championship’s finances.

What was planned to be a profit of around 20 million kroner had quickly turned into a “significant deficit” of many millions.

What was planned to be a profit of around 20 million kroner had quickly turned into a “significant deficit” of many millions.What was planned to be a profit of around 20 million kroner had quickly turned into a “significant deficit” of many millions.What was planned to be a profit of around 20 million kroner had quickly turned into a “significant deficit” of many millions.

At the end of May, confirmation of the deficit for the Ski World Championships came. Until Tuesday, no one could say for sure how big the deficit was. NRK learned early on that a deficit of 20 million kroner was a best-case scenario for the World Championships organizer.

Stopped all payments

The Norwegian Financial Supervisory Authority confirmed to NRK that they will investigate the Ski World Championships.

The Norwegian Ski Association, which is the largest owner of the championship, confirmed to NRK that they will have to cut 27 million kroner. The cuts will include staff reductions and cuts in events.

The World Cup organizer has announced that they are stopping all payments. Now there are a long line of people and companies waiting for their money. These are called creditors. The Norwegian Ski Association, which is also the main owner of the World Cup company, is on the creditor list.

On Tuesday evening, creditors will be notified of how much money is missing for payments from the World Cup.

Under investigation

The Ski World Cup is owned by the Norwegian Ski Association (60%), Sør-Trøndelag Ski Region (30%) and Trondheim Municipality (10%).

The Ski World Championships are owned by the Norwegian Ski Association (60%), the Sør-Trøndelag Ski Region (30%) and the municipality of Trondheim (10%).The Ski World Championships are owned by the Norwegian Ski Association (60%), the Sør-Trøndelag Ski Region (30%) and the municipality of Trondheim (10%).The Ski World Championships are owned by the Norwegian Ski Association (60%), the Sør-Trøndelag Ski Region (30%) and the municipality of Trondheim (10%).

Trust from the municipality

Trust from the municipalityTrust from the municipalityTrust from the municipality

Earlier today there was also a meeting for the owners of the Ski World Cup. This meeting was closed to the public.

Earlier today, there was also a meeting for the owners of the Ski World Cup. This meeting was closed to the public.Earlier today, there was also a meeting for the owners of the Ski World Cup. This meeting was closed to the public.Earlier today, there was also a meeting for the owners of the Ski World Cup. This meeting was closed to the public.

– We as owners have confidence in the process that has been carried out, and which will continue to take place. Then, as one of the owners and also one of the creditors, we will have our own dialogue with the VM company further, said the city council leader in Trondheim Municipality, Kristian Dahlberg Hauge to NRK after the meeting.

We as owners have confidence in the process that has been carried out, and which will continue. So, as one of the owners and also one of the creditors, we will have our own dialogue with the VM company further, said the city council leader in Trondheim Municipality, Kristian Dahlberg Hauge, to NRK after the meeting.We as owners have confidence in the process that has been carried out, and which will continue. So, as one of the owners and also one of the creditors, we will have our own dialogue with the VM company further, said the city council leader in Trondheim Municipality, Kristian Dahlberg Hauge, to NRK after the meeting.We as owners have confidence in the process that has been carried out, and which will continue. So, as one of the owners and also one of the creditors, we will have our own dialogue with the VM company further, said the city council leader in Trondheim Municipality, Kristian Dahlberg Hauge, to NRK after the meeting.

He said that the municipality will have rounds of negotiations with the VM company next week to go into the agreements and what obligations there are and who has financial responsibility.

He said that the municipality will have rounds of negotiations with the VM company next week to go into the agreements and what obligations there are and who has financial responsibility.He said that the municipality will have rounds of negotiations with the VM company next week to go into the agreements and what obligations there are and who has financial responsibility.He said that the municipality will have rounds of negotiations with the VM company next week to go into the agreements and what obligations there are and who has financial responsibility.

– I believe in good dialogue, and I believe that it is a prerequisite for good solutions. If we are going to have a good process here, both as an owner and on behalf of one of many creditors, I think good dialogue and information exchange are quite important.

I believe in good dialogue, and I believe that it is a prerequisite for good solutions. If we are going to have a good process here, both as an owner and on behalf of one of many creditors, I think good dialogue and information exchange are quite important.I believe in good dialogue, and I believe that it is a prerequisite for good solutions. If we are going to have a good process here, both as an owner and on behalf of one of many creditors, I think good dialogue and information exchange are quite important.I believe in good dialogue, and I believe that it is a prerequisite for good solutions. If we are going to have a good process here, both as an owner and on behalf of one of many creditors, I think good dialogue and information exchange are quite important.