I'm not seeing holding cash of about 10% of depreciated book value of the facilities (asset) as a problem. I'd be concerned (cash flow, expenses) if it was lower.
(This is where @jdub27disagrees with me on a more nuanced fiscal point of view. )
I believe August will be under the postponed event's eligibility rules.
And it's from scratch because Russia is not there (under sanction from IIHF). Latvia takes the RUS spot.
Dec 2022/Jan 2023 will be under normal IIHF age rules (and I believe RUS will still be out).