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Leksand in Economic Crisis After Multi-Million Loss

The economic crisis in Leksands IF is worse than what the club previously feared.

» Published: Today, 14:39

Leksand in Economic Crisis After Multi-Million Loss
Photo: Ulf Palm/TT

Last financial year ended with an operating result of minus 13.3 million kronor for the venerable ice hockey club.

Leksand's board, which took office last summer, writes in a press release that they have now made a revision of the latest annual report. Incorrectly booked costs for player bonuses were then discovered. The result for the previous financial year is therefore approximately 5 million kronor worse than previously reported.

The budget for the current financial year, 2024-2025, has also proven to be "optimistic and contain some errors". Instead of the budgeted zero result, the figures currently point to another significant loss.

The board in Leksand writes that they will take additional short-term measures to try to minimize the loss. They will also negotiate with external investors "to secure the long-term liquidity of the company".

Leksand's men's team is currently eighth in SHL, while the women's team is stuck in last place in SDHL.

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By TTThis article has been altered and translated by Sweden Herald

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