Page 34

GSI EVENT STUDY / HEMPEL SAILING WORLD CHAMPIONSHIPS AARHUS 2018

Economic

Financials The operating expenditure of the Hempel Sailing World Championships Aarhus 2018 totalled DKK 52.2 million ($8.0m).

The largest expenditure came from logistics and facilities, contributing towards almost one quarter of the event budget.

The organisers’ break-even budget relied primarily on public support and city funds, whilst sponsors, entry fees, sales and commissions contributed towards 28.6 per cent of total revenues.

The net additional spend of the Organising Authority within the City of Aarhus totalled DKK 6.90 million ($1.05m).

Aarhus 2018 final budget (millions)

2018 DKK

USD

Public support

27.6

4.2

Funds

9.7

1.5

Sponsors

9.7

1.5

Entry fees

3.0

0.5

Sales

1.5

0.2

Commissions

0.7

0.1

Total revenue

52.2

8.0

Salaries and project management

7.5

1.1

World Sailing fees and services

10.4

1.6

Logistics and facilities

12.7

1.9

Race management (on/off shore)

6.7

1.0

Athletes and officials

1.5

0.2

Marketing, communication, media and PR

4.5

0.7

Cultural festival

3.0

0.5

Sales and sponsor activation

1.5

0.2

Volunteers

2.2

0.3

Security

0.7

0.1

Side projects

0.7

0.1

Total expenditure

52.2

8.0

Figures may not sum due to rounding Budget received in Euros and standardised to DKK Exchange rate used at 12/08/2018: DKK 1 = USD 0.1531 EUR 1 = DKK 7.4562

In terms of infrastructure, the city of Aarhus and Sailing Aarhus invested in the new state-of-the-art International Sailing Centre which acted as the focal point for the sailors, VIPs and press at the championships. Infrastructure costs are not included within the economic impact assessment. World Sailing’s event-related accounts indicate a total net additional spend within the host economy worth DKK 3.89 million ($0.60m). The majority of this expenditure related to charter boats and insurance, procured from local suppliers. 34

© and database right 2018 Sportcal Global Communications Ltd. All Rights Reserved.

Profile for World Sailing

Sportcal Global Sports Impact (GSI)  

Sportcal completed a Global Sports Impact (GSI) Event Study of the Hempel Sailing World Championships Aarhus 2018 in Denmark for World Saili...

Sportcal Global Sports Impact (GSI)  

Sportcal completed a Global Sports Impact (GSI) Event Study of the Hempel Sailing World Championships Aarhus 2018 in Denmark for World Saili...

Advertisement