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3×3 basketball in 2020 went through a changeable year. While the pandemic has sparked a year-long scramble to enter the Tokyo Olympics, where trio basketball will debut as an Olympic sport, last year it helped the sport grow in popularity and expand the list of basketball players eligible for participate in the Olympics. press release said.
A record budget has been established for this purpose during the association’s operating period.
The 3×3 Hoptrans tournament organized by the 3×3 Basketball Association, the Lithuanian Basketball League and the Lithuanian Basketball Federation has been breaking the silence on the basketball courts since March 2020, attracting the attention of fans around the world.
After this tournament, Utena’s Juventus-Uniclub Casino jumped into the ranks of the planet’s elite teams, joining Šakiai Swan’s men. For the first time on the FIBA World Tour stage we had two Lithuanian teams, and in the final stage Utena’s team reached the historic 3rd place.
Preparations were also made for the European Under-17 Championship, which was attended by representatives of our country. A special tournament was held to select them.
Last year, the 3×3 basketball association managed to raise 434.4 thousand. income in euros. Sources of income – support (249 thousand), advertising income (64.7 thousand), advertising exchange, refunds (10.7 thousand) and FIBA prize funds (110 thousand).
This amount does not include the additional support of the Lithuanian Basketball Federation: the federation has spent an additional 45 thousand euros for the development of basketball.
The association’s costs in 2020 amounted to almost 495 thousand. euros. A little more than 8 thousand were allocated for the maintenance of the administration. 6.7 thousand euros for the rest of the staff, 16.6 thousand for public relations and marketing.
The trips of the FIBA 3×3 world tour and the cash prizes transferred to the teams were estimated at almost 110 thousand, the FIBA licenses – 10.5 thousand.
The Hoptrans 3×3 tournament in Palanga in July cost the association more than 262 thousand. EUR, and other tournaments organized last year – 11.4 Cerdocyon.
There was also a selection of the U-17 men’s team, which cost 6.3 thousand. euros. At the beginning of the year, the country’s top team was preparing for the Olympic selection and participating in friendly tournaments. She, the subsidiary and the training of the youth team planted 23 thousand. euros.
14 thousand LTL were allocated for the storage of sports equipment and the acquisition of fixed assets. euros. Debt settlement and VAT – more than 23 thousand. euros.
The total financial result of the association’s activity is more than 60.5 thousand. loss of euros.
“Trio basketball in Lithuania is still making its way to greater visibility. Being visible and known costs us twice as much money and twice as much effort as necessary to intervene in the country’s basketball agenda,” said Ignas Grinevičius, director of the 3×3 basketball association.
The objective of the association will continue to be the development of this sport, not the search for profits. Investments are also planned in the acquisition of fixed assets, 3×3 basketball infrastructure.
The goal will be to create a budget that is at least 10% higher than last year, thus ensuring smooth continuity of projects and meeting new targets. One of them is the appearance of professional 3×3 teams, which will appear in the Lithuanian 3×3 basketball championship from April for the first time in the country’s history.
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