LOK President: Sports Fund financing must be more targeted, shortfall of 15 million euros
President of the Latvian Olympic Committee Raimonds Lazdiņš says that Sports Fund resources for national teams must be used more purposefully, and the sector lacks about 15 million euros. A new Sports Law has recently been adopted.
Raimonds Lazdiņš, President of the Latvian Olympic Committee (LOK), speaking about the adoption of the new Sports Law, has emphasized the need to make the financing of the Sports Fund more targeted. According to him, the sector currently lacks approximately 15 million euros to provide adequate support for national teams and other sports activities.
Lazdiņš noted that the new Sports Law is a significant step forward, but resource allocation must become more efficient to achieve the set goals. He called for greater attention to how funds are invested in order to maximize benefits for the sports sector.
