Crisis in Mora IK - heading towards a deficit of 3 million kronor

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Crisis in Mora IK - heading towards a deficit of 3 million kronor
Photo: Fredrik Sandberg/TT

There is a financial crisis at Swedish hockey club Mora IK. The club must receive 3 million kronor, of which 1 million is due in January. "The board of directors takes the situation very seriously," the club writes on its website.

The ice hockey club budgeted for a profit of SEK 800,000. But the financial forecast now shows that it is heading towards a loss of SEK 3 million.

To secure liquidity, SEK 1 million must be received in January.

"The background to this is primarily a sharp increase in operating costs, driven mainly by higher salary costs than budgeted, but also by lower ticket revenue, fewer season tickets sold and lower sponsorship revenue," the club writes.

Club director Johan Stromwall has been tasked with implementing a package of measures, including both savings and revenue increases. Measures have already been taken and have yielded positive results.

"The board takes the situation that has arisen very seriously, and our absolute ambition is that with these measures we will be able to turn the forecasted deficit into balanced finances during the current financial year," the board writes.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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