World Cup canceled in Switzerland – thanks to insurance: World Cup organizers with millionaire income – sport

Thanks to an insurance policy in the event of cancellation due to a pandemic, the CO of the 2020 Ice Hockey World Championship in Switzerland will close the tournament, which was canceled due to the coronavirus, with a surplus of 13.4 million francs.

Patrick Bloch, CEO of Swiss Ice Hockey, confirmed Keystone SDA a corresponding report in the newspaper Sunday morning since Sunday. However, Bloch said: “It is not about profit in the strict sense of the word, but about budgeted rights that we have secured and that are now being reimbursed.

Thanks to a budget of 40 million

The organizers of the World Cup, led by CO President Gian Gilli, took out insurance in the run-up to the tournament, which protects the net sales forecast according to budget. This sum was around 40 million francs.

After discounting reimbursements to sponsors, ticket buyers and hotels, among others, the funds mentioned were left to the organizers. He had received this amount verbally confirmed by insurance, so Bloch.