Author Topic: Madrid News: Local government to fund cycling worlds in Spain  (Read 470 times)

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Madrid News: Local government to fund cycling worlds in Spain
« on: November 03, 2012, 10:38:49 PM »
by pna

 The 2014 World Cycling Championships will be held in Spain after it was confirmed this Wednesday that the regional government of Castilla-Leon agreed to guarantee the 4 million euros needed to host the event.

The World Championships are to be held in the city of Ponferrada in the province of Leon in the northwest Spain. However, the economic crisis and the announcement of slashing cutbacks in the funding of Spanish sport, in some cases by as much as 50 percent by the Spanish Sports Committee (CED), had raised serious doubts over whether or not the town would be able to afford hosting such an important event.

A press conference held Wednesday by the Mayor of Ponferrada, Carlos Lopez Riesco, has finally banished those doubts as he confirmed the funding would be available with the regional authority providing a guarantee for the payment of the 4 million euros, required by the International Cycling Union, as well as providing a further 800,000 euros over two years to help pay for the World Championships.

Riesco added that hosting an event that lasts for a week and which will be televised all over the world represents a magnificent opportunity for this predominantly rural part of Spain.

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