After 105 years - historic
Photo: Janerik Henriksson/TT

After 105 years - historic IFK Karlskrona files for bankruptcy

IFK Karlskrona is going bankrupt. The handball club has filed for bankruptcy with the district court, according to Blekinge Läns Tidning.

Advertisement

IFK Karlskrona has debts of 1.3 million kronor. Some of this is owed to the Swedish Handball Association (SHF), while approximately 886,000 kronor is listed as “short-term debts” to bus companies, the municipality and others.

In addition, there is a bank loan of around 200,000 kronor, according to the newspaper.

Ahead of the season, IFK Karlskrona chose to pause senior activities. The men's team was then in the second-highest league, Allsvenskan, and the women's team in Division 4.

There is a separate youth association. It is not affected by the bankruptcy.

IFK Karlskrona was founded in 1921 and is 13th in the men's all-time table. The men's team has played 32 seasons in the top league (most recently the 1994–1995 season).

In this story
AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
Was this useful?

What do you think?

Keep readingmore from Sports

All