Event Agency Acts Slips into Bankruptcy

The company had planned a beach volleyball tournament in Pörtschach am Wörthersee for this year. However, because the main sponsor withdrew, it will not take place, leading to the bankruptcy, as announced by the Credit Protection Association KSV1870 in a press release on Monday.

Event in Carinthia Cancelled

In mid-November 2024, the new multi-sport event at Wörthersee was introduced, but just a month later it was already cancelled. According to Jagerhofer, the decision was justified by the withdrawal of the sponsor A1. Due to the short notice, the new event planned for the coming July could not be maintained. The withdrawal of the sponsor meant a significant part of the budget for the event planned in Pörtschach and Velden was lost.

According to the Credit Protection Association, three creditors are now affected, with liabilities estimated at around 6 million euros. An exact asset status is not yet available. A continuation of the company is not planned, as stated in the KSV1870 press release.

(APA/Red)

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