GlücksSpirale serves as a significant backer for the German athletic contingent during the 2024 Olympics.
GlückSpirale's Significant Role in German Sports Scene
The GlückSpirale plays a crucial part in funding sports activities in Germany, extending its support to both elite and recreational athletes. It's also known for its association with the upcoming 2024 Paris Olympic Games. The German Olympic Sports Confederation (DOSB) is one of its key partners, benefiting from GlückSpirale's sponsorship funds to enhance athletes and sports clubs. Besides infrastructure development like building and refurbishing sports halls and training centers, GlückSpirale also contributes financially to this cause.
Beyond supporting the DOSB, GlückSpirale has extended its sponsorship to various other organizations and sports clubs over the years.
Since 1973, The German Sports Aid Foundation has been a beneficiary of GlückSpirale's generosity. Annually, the organization receives around 4 million euros from GlückSpirale. This support aids talented athletes and young sports players who represent Germany in the Olympic Games with scholarships.
GlückSpirale's Commitment to Social Causes in Germany
In addition to its athletic support, GlückSpirale also shows its commitment to social causes in Germany. Over the past 30 years, it has contributed 555 million euros towards preserving historical monuments.
Following the 2021 flood disaster in Germany, GlückSpirale made a substantial financial donation to aid the victims.
DOSB's Boost from Federal Government's Sports Budget
Recently, the DOSB has been pleased with the increased support from the federal government. According to Federal Chancellor Olaf Scholz (SPD), the sports budget is set to increase by 49 million euros to 331 million euros. Moreover, the bid for the next Olympic and Paralympic Games is expected to receive around 2.2 million euros.
Besides federal government support, the Federal Ministry of the Interior and Community (BMI) also assists the DOSB in organizing sports events in Germany. Notable German companies like Adidas and lottery foundations also contribute to the DOSB as sponsors.
The German Sports Aid Foundation, a long-term beneficiary of GlückSpirale's generosity, receives approximately 4 million euros annually to support talented athletes and young sports players representing Germany in the Olympics with scholarships. Despite its significant role in funding sports, GlückSpirale also takes interest in news about social causes, contributing over 555 million euros over the past 30 years towards preserving historical monuments in Germany.
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