Kolstad Handball Membership has reported monetary losses for the third consecutive 12 months, with 2024 figures being probably the most troubling but, in response to Adresseavisen.
“It’s troublesome to current such a big deficit,” stated CEO Jostein Sivertsen, addressing the membership’s annual assembly on Monday night.
Regardless of a major surge in income, Kolstad has struggled with rising prices, leading to continued monetary setbacks:
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2022: lack of 800,000 NOK
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2023: lack of 1.7 million NOK
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2024: lack of almost 6 million NOK
This ongoing deficit may have a direct impression on the membership’s future plans. Kolstad has now been restricted from signing worldwide star gamers till their monetary state of affairs improves. The freeze on high-profile signings will stay not less than till the summer season of 2026.
Just some months in the past, Kolstad made headlines by securing star goalkeeper Andreas Palicka from PSG.
“The largest consequence is that we will’t signal worldwide high gamers till we restore optimistic fairness,” Sivertsen defined.
The membership has loved vital income progress, from 14 million NOK in 2021 to 78 million NOK in 2023. Nonetheless, bills have outpaced income, climbing to just about 84 million NOK in 2024.
Sander Sagosen’s switch to Aalborg earlier this 12 months is related to those monetary challenges. Sagosen had hoped for the membership to usher in extra star gamers, however the present monetary actuality made that unimaginable.
Ticket gross sales fell brief in 2024. The membership had hoped for 17 million NOK in income however earned far much less. In some Champions League matches, Kolstad truly misplaced cash. Income from video games in Trondheim Spektrum was 8.5 million NOK under expectations.
Trying forward, the membership plans for a surplus of three.5 million NOK in 2025. This will likely be achieved by slicing prices by 5.5 million NOK whereas rising income by 4 million NOK.
