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“If it weren’t for municipal money, the Lithuanian basketball league would be no different than the one in Latvia,” 15 minutes said a manager of the LKL club. “We have people to thank for the level of club basketball in Lithuania as we have it now, because the law on business support and charity in our country is terrible.”
And in fact, 15 minutes The data collected shows that a third (31.9%) of LKL club budgets are made up of taxpayer money, around 5.637 million. of a total of 18 million euros. Euro money pot.
Kaunas “Žalgiris” hoped to raise an additional 7.7 million from private sponsors, paraphernalia, funds from Euroleague victories, ticket sales and subscriptions, the loss of which cut most of the usual annual revenue. 2 million euros. Support from the city of Kaunas.
It is true that Žalgiris has a sand concession. These are not private funds, but public investment. This can also be seen as the municipality’s support for the club, which gave the Žalgiris club organization the opportunity to use an impressive building that can hold up to 15.4 thousand spectators during basketball games.
The Lithuanian champions have recently raised up to € 6 million from home games during the season, which is a great job of directing.
It is necessary to be able to use the sand in this way efficiently, attract people and sell tickets, as Paulius Motiejūnas and his companions do on Nemunas Island.
Erik Ovcharenko / 15 Minute Photo / Paulius Motiejūnas
Let’s not count the main flagship of the country, which dominates the Lithuanian market. What is the financial situation of the remaining nine clubs in the LKL?
The total budget of the last nine clubs is less than that of Žalgiris alone: around 8.3 million, and the city’s support for these teams. 15 minutes estimated at 3,637 million. euros.
People carry almost half of the budget of the last nine teams for the 2020-2021 season, about 43.8 percent.
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