Esport Arena Oy: Espoo’s sports director accelerated the purchase of premises so that the company can reduce its loan to the city

Espoo sports director Martti Merra has made a decision to advance the purchase of space by the city of Espoo from Esport Arena Oy.

Made on Monday, April 20 according to the decision of the office holder the city will pay the arena company a total of 330,811 euros by May 15. The fee covers the city’s facility fees for the period 1 October to 31 December 2026.

The condition for making the advance payment is that the arena company uses the money it receives without delay to repay the loan granted by the city of Espoo and to pay the interest, Merra states in his decision.

in Tapiola Esport Arena Oy, located in According to Länsiväylä the arena company has already applied to the city for a loan repayment exemption five times during the 2020s.

Mayor Kai Mykkänen had time to grant the company a year-long repayment leave in March, but the city government took the decision for reconsideration.

The city of Espoo granted the company a 4.3 million euro loan in 2002 for the construction of the Esport Arena. Areenahytiö started to repay its loan as agreed only in 2017.

In the recent decision, it is stated that the advance of the payments made now “ensures Esport’s ability to repay the loan.”

Western pass reported earlier in April that the company believes that its finances will turn in a positive direction with the gambling reform that will take place in 2027 and the dismantling of Kera’s halls.

Esport advertises itself as the largest indoor sports center in the Nordic countries.

The Esport Arena, located in the Tapiola sports park, offers a setting for, among other things, various ball sports, gym training, martial arts and athletics. The hall also has an 800-meter indoor running track.