Financial Details
According to the Lithuanian Basketball Association the championship expenses were 32 million Litas and the income was 34.8 million Litas, which means the profit of the event was 2.8 million Litas.
Out of the 32 million Litas expenses some 9.8 million were funded by the Lithuanian state institutions whereas the remaining 22.2 million were amassed from sponsors or other sources. It is assumed that the state earned 11.9 million Litas due to VAT taxes paid by 20 000 foreign visitors therefore earning a 2.1 million Litas profit.
Out of the 34.8 million litas income 24.7 million Litas were amassed by selling tickets (TV rights and certain other rights are owned by FIBA rather than the local basketball association and therefore are not included in the revenues).
During the championship there were 3984 people responsible for safety and 1500 volunteers responsible for various duties such as helping spectators or giving the balls for play. The 1500 volunteers were chosen out of 6000 persons who wanted to volunteer.
1300 journalists worked in the championships, out of them 200 were TV and radio commentators. 1300 media accreditations were issued.
Read more about this topic: FIBA Euro Basket 2011
Famous quotes containing the words financial and/or details:
“Because of these convictions, I made a personal decision in the 1964 Presidential campaign to make education a fundamental issue and to put it high on the nation’s agenda. I proposed to act on my belief that regardless of a family’s financial condition, education should be available to every child in the United States—as much education as he could absorb.”
—Lyndon Baines Johnson (1908–1973)
“If my sons are to become the kind of men our daughters would be pleased to live among, attention to domestic details is critical. The hostilities that arise over housework...are crushing the daughters of my generation....Change takes time, but men’s continued obliviousness to home responsibilities is causing women everywhere to expire of trivialities.”
—Mary Kay Blakely (20th century)