SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

The Star's Gift: 1.5 Million to Childhood Club

Recently, he won the Stanley Cup with Florida and signed a contract with Toronto. Now, Oliver Ekman-Larsson is giving 1.5 million to his childhood club Tingsryd. It feels very good, says chairman Jan Pyrell.

» Updated: 16 July 2024, 15:20

» Published: 02 July 2024

The Star's Gift: 1.5 Million to Childhood Club
Photo: BRUCE BENNETT/AFP/TT

Recently, he won the Stanley Cup with Florida and signed a contract with Toronto.

Now, Oliver Ekman-Larsson is donating 1.5 million to his childhood club Tingsryd.

It feels very good, says chairman Jan Pyrell.

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

The battle to save the elite license and sort out the association's poor economy is thus in full swing – and now Tingsryd is getting help from a newly crowned Stanley Cup champion.

150 million

Oliver Ekman-Larsson, who recently won the Stanley Cup with Florida and has just finalized a contract with Toronto worth 150 million kronor, is contributing 1.5 million kronor in shareholder contributions, according to Smålandsposten.

Now we just need to get in the last capital guarantees as well, says Tingsryd's chairman Jan Pyrell to the newspaper.

According to Pyrell, Ekman-Larsson's contribution cannot be counted towards the capital guarantee of 2.5 million.

What he has contributed is not the same money, guarantees are not pure money. It's a shareholder contribution and you have to see it from two different angles, he says to Expressen.

At the beginning of the week, the capital guarantee was up to around 1.7 million.

Can be relegated

Tingsryd applied for a control year ahead of the 2024-2025 season, which means the club should be able to report its own capital of 10 percent of its revenue next spring. In Tingsryd's case, it's about 2.5 million kronor.

But the Swedish Ice Hockey Association's licensing committee rejected the application for a control year.

Instead, the licensing committee set the requirement that Tingsryd must present an acceptable action plan by Wednesday, 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.

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

More news

Luxury Family Enters Paris FC – Aims to Match PSG
1 MIN READ

Luxury Family Enters Paris FC – Aims to Match PSG

After Home Purchase – Now Åberg Will Defend His Title
2 MIN READ

After Home Purchase – Now Åberg Will Defend His Title

The Star Takes a Break from the Net: "Take Care of Yourselves"
1 MIN READ

The Star Takes a Break from the Net: "Take Care of Yourselves"

Nylander led Toronto to victory
1 MIN READ

Nylander led Toronto to victory

After four straight - Chelsea and Lyon to the quarterfinals
2 MIN READ

After four straight - Chelsea and Lyon to the quarterfinals

He became the coach of the year when Rydström was snubbed
2 MIN READ

He became the coach of the year when Rydström was snubbed

Italy took its fifth title: "An Unlikely Year"
1 MIN READ

Italy took its fifth title: "An Unlikely Year"

Swedes switch national teams: "I'm shocked"
2 MIN READ

Swedes switch national teams: "I'm shocked"

Confirmed: Superstar Placed on Injury List
1 MIN READ

Confirmed: Superstar Placed on Injury List

Uefa acknowledges: Isak was robbed of a goal
1 MIN READ

Uefa acknowledges: Isak was robbed of a goal

Romania awarded victory - negatively affects Sweden
2 MIN READ

Romania awarded victory - negatively affects Sweden

These are the candidates for the Jerring Award
1 MIN READ

These are the candidates for the Jerring Award

The Men's Attitude Inspires in the Hunt for a European Championship Spot
2 MIN READ

The Men's Attitude Inspires in the Hunt for a European Championship Spot

Back problems stop Italian star
1 MIN READ

Back problems stop Italian star

Vieira takes over crisis club in Italy
1 MIN READ

Vieira takes over crisis club in Italy

Top Allsvenskan Player Retires
2 MIN READ

Top Allsvenskan Player Retires

The Star's Response to Criticism: "Never Been Better"
2 MIN READ

The Star's Response to Criticism: "Never Been Better"

The Hope of European Championship Semi Lives On After Two Wins
1 MIN READ

The Hope of European Championship Semi Lives On After Two Wins

Frustrated - but at the same time not surprised
2 MIN READ

Frustrated - but at the same time not surprised

The Bronze Hero Nicolina Pernheim Goodrich: "Shocked and Very Sad"
4 MIN READ

The Bronze Hero Nicolina Pernheim Goodrich: "Shocked and Very Sad"