Friday, December 9, 2022

Record check at the end of an era in the sports funding system

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54 million for Swiss Olympic

Record check at the end of an era in the sports funding system

Before the system was changed at the Swiss Sports Promotion Foundation, a record sum went to Swiss Olympic.

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There is a system change at the Swiss Sports Promotion Foundation. (icon image)

As of January 1, 2023, there will be a system change in the promotion of Swiss sport. From then on, the Swiss Sports Promotion Foundation under public law will take over the allocation of funds from the Sport-Toto-Gesellschaft. This ceases its funding activities at the end of the year.

This year’s record check by the Sport-Toto-Gesellschaft to Swiss Olympic was almost 54.2 million Swiss francs – and thus more than six million more than in the previous year, when such a high support contribution had never been paid out before. In its almost 80-year history, the STG has made a total of over 2.5 billion Swiss francs available to Swiss sport, with funding contributions increasing significantly in recent years.

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