SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Christer Gardell Invests Millions in Swedish Sports, Urges Others to Follow

The financier Christer Gardell has invested millions in Swedish basketball and three skiing stars over the past week. Good news for sports Sweden: the billionaire is not stopping there. This is just the beginning, says Gardell, who hopes to get more to join the investment.

» Published: March 22 2025

Christer Gardell Invests Millions in Swedish Sports, Urges Others to Follow
Photo: Claudio Bresciani/TT

Four million kronor to the Swedish Basketball Federation last week. A "million amount" to skiing stars Jonna Sundling, Edvin Anger, and Emma Ribom this week.

But it won't stop there for Christer Gardell. He was himself active at elite level in basketball as a young man, in the Stockholm club KFUM Central, and also engaged in athletics, football, and ice hockey – and describes himself as "broadly sports-interested".

This should be seen more as a first step. I will continue to sponsor sports and elite athletes, and I hope that companies in Sweden that have withdrawn sponsorship from sports in general – and elite athletes specifically – will rethink and make a complete turnaround, and start increasing their efforts towards sports and elite athletes, says Christer Gardell.

Important for integration

He highlights several aspects of why he believes it is important to support sports financially.

As public health ("where sports is a fundamental component"). But also integration ("where I believe sports will play a very important role").

He also thinks it's fun for Sweden as a nation to have "skilled athletes competing successfully in major contexts". But incentives and conditions must be created for men and women to pursue elite sports, he believes.

Here, everyone must help out who has the ability to help out. Like companies, definitely, and also private individuals with financial capabilities like myself.

"Flashy influencers"

His criticism of why many companies have withdrawn from sports is scathing.

It's not fancy enough for many. It has ended up in an undeserved straitjacket at many companies, where you spend money on a lot of flashy influencers and the like.

He continues:

Here, one should not be counting the cost in kronor and öre of how much one earns – this is a social effort. And companies and private individuals should feel a social responsibility to ensure that this works. This social responsibility, I think most companies have abdicated from over the past 10-15 years.

According to Christer Gardell, we invest in Sweden "half of what Denmark and Norway do in sports".

I want to see companies now stepping up and going back to the role they had a long time ago.

What the next investment will be, he won't reveal.

Of course, I'll get some proposals, I may have already gotten some too... I'll go in where I think it's sensible, and it can be any sport whatsoever.

Tags

TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Norway to Play Israel in World Cup Qualifier, Rejects Boycott Calls

Norway to Play Israel in World Cup Qualifier, Rejects Boycott Calls

Norwegian Coach Gjert Ingebrigtsen Faces Trial Over Abuse Allegations

Norwegian Coach Gjert Ingebrigtsen Faces Trial Over Abuse Allegations

Dahlin Leads Buffalo to Victory Over Winnipeg with Key Goal

Dahlin Leads Buffalo to Victory Over Winnipeg with Key Goal

Spain and France Set for Nations League Semifinal Showdown

Spain and France Set for Nations League Semifinal Showdown

Modo on the Brink of SHL Relegation After Costly Penalty

Modo on the Brink of SHL Relegation After Costly Penalty

Real Madrid Women Secure Historic First El Clasico Victory Over Barcelona

Real Madrid Women Secure Historic First El Clasico Victory Over Barcelona

Lindsey Vonn Shines with Podium Finish at World Championship

Lindsey Vonn Shines with Podium Finish at World Championship

Häcken Stumbles in Premiere Loss to Malmö FF, Coach Expresses Disappointment

Häcken Stumbles in Premiere Loss to Malmö FF, Coach Expresses Disappointment

Malmö FF Stuns Häcken with Late Goal in Women's Allsvenskan Return

Malmö FF Stuns Häcken with Late Goal in Women's Allsvenskan Return

Lindbäck Struggles as Skellefteå Levels Quarterfinal Series

Lindbäck Struggles as Skellefteå Levels Quarterfinal Series

Juventus Dismisses Coach Thiago Motta After Champions League Exit

Juventus Dismisses Coach Thiago Motta After Champions League Exit

Malmö FF Stuns Häcken with Last-Minute Goal in Allsvenskan Return

Malmö FF Stuns Häcken with Last-Minute Goal in Allsvenskan Return

Samuelsson Steals the Show at Biathlon World Cup Finale

Samuelsson Steals the Show at Biathlon World Cup Finale

Rosengård Starts Season Strong with Win Over Piteå

Rosengård Starts Season Strong with Win Over Piteå

Ingebrigtsen Claims Second Gold as Pihlström Finishes Fifth in 1500m

Ingebrigtsen Claims Second Gold as Pihlström Finishes Fifth in 1500m

Hamilton and Leclerc Disqualified as Piastri Shines in Shanghai

Hamilton and Leclerc Disqualified as Piastri Shines in Shanghai

Emil Forsberg's Brace Lifts New York RB Over Toronto FC in MLS Clash

Emil Forsberg's Brace Lifts New York RB Over Toronto FC in MLS Clash

LeBron James Returns from Injury for Lakers vs. Bulls Matchup

LeBron James Returns from Injury for Lakers vs. Bulls Matchup

Forsberg's Two Goals Propel Nashville to Victory Over Toronto

Forsberg's Two Goals Propel Nashville to Victory Over Toronto

Djurgården Advances to Semifinals with Fourth Straight Victory

Djurgården Advances to Semifinals with Fourth Straight Victory

Sweden Falls to Luxembourg in Surprising 1-0 Training Match Defeat

Sweden Falls to Luxembourg in Surprising 1-0 Training Match Defeat

Brynäs Rallies Past Malmö After Controversial Penalty in Playoffs

Brynäs Rallies Past Malmö After Controversial Penalty in Playoffs

AIK Triumphs Over Financially Struggling Linköping in Season Opener

AIK Triumphs Over Financially Struggling Linköping in Season Opener

Elvira Öberg Secures Second with Remarkable Comeback at Holmenkollen

Elvira Öberg Secures Second with Remarkable Comeback at Holmenkollen

Tiara Brown Claims Featherweight Title in Close Victory Over Nicolson

Tiara Brown Claims Featherweight Title in Close Victory Over Nicolson

Lægreid Clinches World Championship, Outshines Biathlon Legend Bø

Lægreid Clinches World Championship, Outshines Biathlon Legend Bø

Simon Åström Steps In as New Swedish Football Association Chairman

Simon Åström Steps In as New Swedish Football Association Chairman

Reinfeldt Questions US Role in 2026 World Cup Hosting

Reinfeldt Questions US Role in 2026 World Cup Hosting

Duplantis Claims Gold in China but Skips World Record Attempt

Duplantis Claims Gold in China but Skips World Record Attempt

Swedish Team Stumbles to 11th in Chaotic World Championship Sprint

Swedish Team Stumbles to 11th in Chaotic World Championship Sprint

Stina Nilsson Claims Third Consecutive Ski Classics Victory

Stina Nilsson Claims Third Consecutive Ski Classics Victory

Carlos Alcaraz Upset by 37-Year-Old David Goffin in Miami Tournament

Carlos Alcaraz Upset by 37-Year-Old David Goffin in Miami Tournament

German Star Rydzek Triumphs Over Sweden Again in Lahtis Sprint

German Star Rydzek Triumphs Over Sweden Again in Lahtis Sprint

Argentina Nears World Championship After Almada's Stunning Goal

Argentina Nears World Championship After Almada's Stunning Goal

Henriksson Falls Short in 60m Semifinal at Indoor World Championship

Henriksson Falls Short in 60m Semifinal at Indoor World Championship

Lewis Hamilton Claims First Ferrari Victory in China Sprint Race

Lewis Hamilton Claims First Ferrari Victory in China Sprint Race

Sweden's Curling Team Stunned by China in World Championship Exit

Sweden's Curling Team Stunned by China in World Championship Exit

Boxing Icon George Foreman Dies at 76, Remembered by Mike Tyson

Boxing Icon George Foreman Dies at 76, Remembered by Mike Tyson

Rakell Shines with Goal and Assist in Pittsburgh's Win Over Columbus

Rakell Shines with Goal and Assist in Pittsburgh's Win Over Columbus

Myles Lewis-Skelly Makes History in Tuchel's England Debut

Myles Lewis-Skelly Makes History in Tuchel's England Debut