Equestrian association expects 3 million minus

The German Equestrian Federation (FN) anticipates a deficit of three million euros due to the coronavirus crisis. Photo: Malte Christians / TEH (Image: TEH) (Photo: Malte Christians / TEH)

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Warendorf – The German Equestrian Federation (FN) anticipates a deficit of three million euros due to the coronavirus crisis.

With a budget of 23 million euros, the association calculates a loss of revenue of five million euros, as FN general secretary Sonke Lauterbach calculated in an interview with the Frankfurter Allgemeine Newspaper.

This would add even lower costs, leaving a hole of around three million euros. Savings could make the total even smaller. “We will not be able to fix the deficit, but we can buffer it.”

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Fortunately, the existence of the FN is not at risk, as Lauterbach emphasized: “If we assume that this will not happen to us three years in a row, luckily it will not affect our existence, because we have managed cost-consciously and financially in the past decade’s Reserves with which we can intercept this year. »

Lauterbach expects the crisis to continue “into May or June”. It is important that the CHIO in Aachen should take place this year. «Together with Hamburg and a few others, this is a flagship of our sport. But if other reasons made the event impossible, then equestrian sport would also survive, »emphasized Lauterbach.

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