The event was very much a success off the ice as well. On Thursday evening, the Finnish Ice Hockey Association presented the financial result before the first game of the Karjala Tournament in Turku with a profit of €13.9 million that will be used for the development of Finnish ice hockey.
“The final result was excellent by all means. The organization of the games was widely praised, the final culminated with the World Championship title for Finland, and financially, the games also achieved a record result. Thanks to strict cost control and excellent VIP, partner and ticket sales, the profit of the 2022 IIHF Ice Hockey World Championship rose to no less than €13.9 million,” said Harri Nummela, the Chairperson of the Finnish Ice Hockey Association.
The organizing committee also calculated a carbon footprint for the first time. “The analyzed carbon footprint clearly shows that the competition organization can influence the reduction of emissions through its own actions. Both are valuable information for future organizers,” Nummela added.
The financial result was beyond expectations also because of a challenging spring for the Organizing Committee with Russia and Belarus not able to participate, a late arena change in Helsinki when the Hartwall Arena became non-operational and with the Covid-19 pandemic still not over.
“We were surprised by how many tickets were sold just before and during the games. This was significantly influenced by the great success of the home team. A total of 379,720 tickets were sold, 279,924 of them in Tampere,” said Heikki Hietanen, the General Secretary of the 2022 IIHF Ice Hockey World Championship Organizing Committee and member of the IIHF Council. “Equally, the result was affected by spending restraint. The final costs were significantly lower than budgeted.”
In total, the expenses of the 2022 IIHF Ice Hockey World Championship Organizing Committee were €22,685,613 and the income was €36,586,029. But the financial success didn’t end with the organizers. The direct economic effects for the Tampere and Helsinki regions through the spendings of visitors have been €115.6 million according to estimations using the eventIMPACTS method including €86.7 million for the Tampere area. The indirect financial effects were estimated at €144.5 to €202.3 million.
The income from the 2022 IIHF Ice Hockey World Championship will secure the development of ice hockey starting from grassroots level in the host country in the years to come on top of an immediate support of €1.4 million that will be allocated to hockey clubs across Finland to support them with the current challenges of rising energy costs. The remaining profit will be allocated to development projects over a span of ten years.
Since the year 2000, the Finnish Ice Hockey Association has reinvested over €17 million of profits from hosting the IIHF Ice Hockey World Championship into development projects.
Next spring Finland and Latvia will co-host the 2023 IIHF Ice Hockey World Championship, which was reallocated from St. Petersburg to Tampere and Riga.