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Nordic World Championships Avoids Bankruptcy - Norway's News in English — www.newsinenglish.no
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6 Articles
The Ski World Championships in Trondheim were a financial fiasco. But they will survive bankruptcy, writes VG.
Nordic World Championships avoids bankruptcy - Norway's News in English — www.newsinenglish.no
Creditors are not pleased but have generally accepted a bail-out plan for the deeply in debt Ski-VM, which organized last winter’s Nordic World Championships in skiing and ski jumping. The organization ended up around NOK 37 million in debt, and couldn’t pay all its outstanding bills. A total of 114 creditors were still waiting for […] The post Nordic World Championships avoids bankruptcy appeared first on Norway's News in English — www.newsinen…
The Ski World Championships in Trondheim have got all their creditors on board with a plan that will help the organizer avoid bankruptcy.
The creditors were given until Wednesday to accept the proposal for the World Ski Championships. Now it is clear that the company will avoid bankruptcy.
All creditors have accepted the proposed solution following the financial meltdown in the wake of the World Ski Championships in Trondheim.
Trondheim City Council gives almost 5 million extra to the Ski World Championships The Finance Committee proposed that Trondheim Municipality should give the million-dollar sum to the Ski World Championships last week. On Tuesday, there was an enhanced city council conference, and there they agreed to send the matter to Thursday's city council meeting. Now the proposal has been formally adopted, Finance Committee member Kjetil Reinskou (H) tell…
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