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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.

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By TTThis article has been altered and translated by Sweden Herald

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