Špindlerův Mlýn Ski World Cup ends with CZK 24 million loss

January’s Alpine Ski World Cup in Špindlerův Mlýn ended with a loss of 24 million crowns, news site Seznam Zprávy reported on Friday. The event brought the world’s top female skiers to the Krkonoše mountains, including American star Mikaela Shiffrin.

The Czech Ski Association’s president, David Trávníček, reportedly told board members in April that costs exceeded the original 110-million-crown budget by 15 million crowns. Ticket sales also fell nine million crowns short of expectations.

Trávníček said the exact reasons for the overspending are still being internally reviewed. It also remains unclear how the association plans to cover the losses.