Money Rain over Swedish Basketball – Unexpected Million Gift

Swedish basketball has received an unexpected million rain. The financier Christer Gardell is donating four million kronor. "It feels fantastic to give back to the sport that has given me so much", he says in a press release.

» Published: March 10 2025

Money Rain over Swedish Basketball – Unexpected Million Gift
Photo: Andreas Hillergren/TT

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Sweden is hosting the 2026 European Youth Championship and the Swedish Basketball Federation writes that the gift "becomes an important enabler for our preparations and implementation of the 2026 European Youth Championship. At the same time, it strengthens Swedish basketball's journey towards hosting the 2027 European Championship for women in Sweden".

Swedish basketball has achieved great sporting successes as both the women's and men's national teams have qualified for the European Championship finals this summer.

Now, Swedish basketball is receiving a contribution to future talent development.

"Christer Gardell's gift is very significant for Swedish basketball. We are extremely happy. It strengthens Swedish basketball and creates new opportunities for our young players", says the Chairman of the Swedish Basketball Federation, Susanne Jidesten.

Christer Gardell about his gift:

"By supporting the European Youth Championship in Sweden, I hope to inspire young talents to focus on basketball and develop, both as players and as individuals".

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

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