English Lacrosse would like to report on the financial outcome of the 2018 Men’s World Championships as agreed with the membership at our AGM in October.
Following the withdrawal from hosting the 2018 Men’s World Championships in April, English Lacrosse have been working with partners contracted to the event to reach agreements for work undertaken.
As previously stated at the time of withdrawal, to successfully stage an event of such a size presented so significant a financial risk to the organisation that it had the potential to bankrupt the sport in England. At the time of our withdrawal meetings were held with members where a potential total costs even after the withdrawal could have been as large as £500,000.
We are therefore pleased to report that after the conclusion of discussions, the final figure has been settled at under 50% of that potential cost of £500,000 which has minimised the negative financial impact forecasted to the organisation.
Mark Coups, Chief Executive, said: “While it was obviously a disappointment to have to withdraw from hosting the event, it was the right decision for the organisation and a significant amount of work has been done since to minimise the resulting costs.
“Our successful hosting of the 2017 Rathbones Women’s World Cup this summer has proven that we are committed to delivering world class international lacrosse events.
“The World Cup demonstrated our ability to manage the financial risk running a successful event and we will report on this in the New Year”.