Financing Model for the Development of Latvian Athletes

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Abstract

The organization of Latvian sports has come a long way since its foundation in the period of independence between the first and second World Wars. The following situation has developed in the organisational structure in sport in Latvia, individual sports and training expenses for individuals in these disciplines are financed by the state, whereas, team sports depend on funding provided by local governments, private sponsors and contributors. Subsidies to enable the participation of national teams in international games are allocated from the state budget, but there is no support system for the best representatives of team sports in order to develop their individual skill, as with individual disciplines. A support system for team athletes can facilitate success of a particular kind of sport at an international level. The youth sports system is mainly based on sports schools, which are maintained by local governments and are developing the most talented future athletes. The necessity for the establishment of specialized boardingschools, to bring together the best representatives in each kind of sport, in each age group nationwide, as well as the best professional coaches, is being frequently accentuated. Deficiencies in the public system can be remedied by attracting private capital investors. Organizations operating under the aegis of the Ministry of Education and Science have developed criteria for the allocation of funding to provide training for athletes. The respective allocated funding is intended just for the improvement of the individual skills of athletes. Due to the current economic situation, it is obvious that funding is insufficient to achieve all goals.

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