Financial Struggles Plague Swedish Bandyförbundet with Consecutive Losses
Swedish Bandyförbundet reports ongoing financial losses and internal control issues.
Key Points
- • Bandyförbundet reports a loss of nearly 340,000 kronor this year.
- • This marks the third consecutive year of financial losses.
- • Last year's loss was similar, but 2023 saw a severe loss of almost five million kronor.
- • Concerns raised about inadequate internal financial controls.
The Swedish Bandyförbundet is facing significant financial troubles, reporting losses for the third consecutive year. The organization’s latest financial report indicates a loss of nearly 340,000 kronor, closely matching the previous year’s figures, though it is a marked improvement from the nearly five million kronor loss recorded in 2023.
In its annual report, set to be discussed at the upcoming annual meeting on June 14, the Bandyförbundet has highlighted serious deficiencies in its internal financial controls, which the board believes have led to severe consequences for its operations. Board member Sofia Tilly remarked on the unusually stringent nature of the management report, asserting that while it is critical, it accurately reflects the current realities faced by the federation.
These ongoing financial issues have raised alarms about the federation's economic management and operational sustainability, indicating a pressing need for improved oversight and financial governance within the organization. Tilly's statements amplify concerns about the future of Swedish bandy should these challenges remain unaddressed.