Economic crisis in Tingsryd – risks relegation

Hockeyallsvenska Tingsryd is in economic crisis. The club needs to bring in 2.5 million kronor in a week to avoid forced relegation and bankruptcy.

» Published:

Economic crisis in Tingsryd – risks relegation
Photo: Maja Suslin/TT

Share this article

Hockeyallsvenska Tingsryd is in economic crisis.

The club needs to bring in 2.5 million kronor within a week to avoid forced relegation and bankruptcy.

I believe it will work, we cannot think of anything else right now. We are betting on it succeeding and the licensing board approving our action plan. It is the absolutely most pressing issue right now, to secure guarantees, says Jan Pyrell, chairman of Tingsryd, to Smålandsposten.

On Tuesday evening, the club itself went out on social media and told about the situation.

Tingsryd applied for a control year before the 2024-25 season, which means the club should be able to report its own capital of 10 per cent of the turnover next spring. In Tingsryd's case, it is about approximately 2.5 million kronor.

However, the Swedish Ice Hockey Association's licensing board rejected the application for a control year.

Instead, the licensing board set the requirement that Tingsryd must present an acceptable action plan by 3 July, which should include capital coverage guarantees of 2.5 million kronor.

If Tingsryd fails to do so, the club will be relegated to Division 1.

"Then the company will not survive, according to the board's assessment", writes Tingsryd in the information where they ask for economic help.

So far, Tingsryd has received guarantees totalling 300,000 kronor.

The news came just hours after star defender Oliver Ekman-Larsson, 32, won the Stanley Cup with Florida.

He has Tingsryd as his parent club and will bring the Stanley Cup trophy to the Småland hockey nest this summer.

The question is whether the club will still exist then.

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

Lucas Bergvall Shines in Champions League Debut for Tottenham

Lucas Bergvall Shines in Champions League Debut for Tottenham

Västervik Triumphs in Rain-Interrupted Speedway Final

Västervik Triumphs in Rain-Interrupted Speedway Final

Luleå Stages Dramatic Comeback to Win SM Final Replay Against Brynäs

Luleå Stages Dramatic Comeback to Win SM Final Replay Against Brynäs

Möregårdh Leads Eslöv to Victory in Table Tennis League Opener

Möregårdh Leads Eslöv to Victory in Table Tennis League Opener

Gyökeres Injured but Plays On as Arsenal Wins Champions League Opener

Gyökeres Injured but Plays On as Arsenal Wins Champions League Opener

Stockholm Football Clubs Urge Police to Revoke New Mask Ban

Stockholm Football Clubs Urge Police to Revoke New Mask Ban

Allsvenskan Clubs to Benefit from Expanded Fifa Billion Fund

Allsvenskan Clubs to Benefit from Expanded Fifa Billion Fund

Kerr Secures High Jump Gold in Thrilling World Championship Duel

Kerr Secures High Jump Gold in Thrilling World Championship Duel

Alexander Isak Set for Potential Liverpool Debut Against Atlético Madrid

Alexander Isak Set for Potential Liverpool Debut Against Atlético Madrid

Jakob Ingebrigtsen May Skip 5,000 Meters at World Championships

Jakob Ingebrigtsen May Skip 5,000 Meters at World Championships

SHL Halts Red Bull Overtime Concept Amid Criticism

SHL Halts Red Bull Overtime Concept Amid Criticism

Ethan Katzberg's 84.70m Hammer Throw Sets Two-Decade Record

Ethan Katzberg's 84.70m Hammer Throw Sets Two-Decade Record

Maja Åskag Reaches Two Finals at Tokyo World Championship

Maja Åskag Reaches Two Finals at Tokyo World Championship

World Championship Qualifier Serbia vs Albania Moved to Leskovac for Safety

World Championship Qualifier Serbia vs Albania Moved to Leskovac for Safety

Andreas Kramer Faces Challenges at World Championship 800m Event

Andreas Kramer Faces Challenges at World Championship 800m Event

Armand Duplantis Celebrates World Record in Tokyo After Championship Win

Armand Duplantis Celebrates World Record in Tokyo After Championship Win

Norway Donates Match Profits Against Israel to Doctors Without Borders

Norway Donates Match Profits Against Israel to Doctors Without Borders

Engla Nilsson Debuts at World Championship After European Bronze

Engla Nilsson Debuts at World Championship After European Bronze

Laura Dahlmeier's Body to Remain on Mountain After Accident

Laura Dahlmeier's Body to Remain on Mountain After Accident

Armand Duplantis Earns Big with World Championship Gold and Record

Armand Duplantis Earns Big with World Championship Gold and Record