Govt endorses country's bid to co-host EuroBasket 2021

Hosting one of the preliminary groups would cost 4.5 million euro, of which 1.8 million euro in a fee and another 700,000 euro in other fixed costs.

Slovenia would have to pay the fee and the other fixed costs of 2.5 million euro to FIBA Europe in advance. Today's green light means the money will come from the government.

"We asked the state for a donation or a kind of a loan since the Basketball Association could not afford to pay the 2.5 million to FIBA Europe in advance, this is practically its entire annual budget," explained KZS president Matej Erjavec.

But judging by the EuroBasket 2013, which was held in Slovenia, the investment pays off at the end of the competition through ticket sales and sponsors, he added.

The funds will be allocated to the KZS as part of the 2021 annual sport plan on the basis of the rules governing co-funding sport...