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Maccabiah entry fees spiral

May 16, 2008 14:42

BySimon Griver, Simon Griver

1 min read

Participants in next year’s 18th Maccabiah Games will be forced to meet the costs of the event’s spiralling budget resulting from the strength of the shekel and the weakness of the dollar.

Meeting in Ramat Gan last weekend, the Presidents Forum of the World Maccabi Union decided to increase participants fees by $350 to $2,930. UK athletes will have to pay the sterling equivalent. Participants are also certain to be hit by rising fuel costs, given that the fee includes hotels and transportation in Israel but not air fares.

The organising committee budgeted $18 million for the Games two years ago at an exchange rate of 4.2 to the shekel. Since then the Israeli currency has strengthened by almost 20 per cent against the US currency. Maccabiah representatives from around the world reluctantly agreed the price hike, which they anticipate will raise an additional $2.5 million.

They will also ask the Israeli government, currently contributing $2.5 million, for an extra $500,000. The Jewish Agency and other funds and sponsors will maintain their current contribution of $1.5 million.