Swedish Bandy Federation Reports Continued Financial Losses Amid Internal Control Failures
Swedish Bandy Federation faces ongoing financial difficulties, reporting losses and serious internal control issues.
Key Points
- • Svenska bandyförbundet reports losses for the third year in a row.
- • Recent loss amounts to nearly 340,000 kronor, improved from 2023's five million kronor loss.
- • Internal financial controls have failed, leading to serious consequences, according to board member Sofia Tilly.
- • Annual report to be presented at the annual meeting on June 14, 2025.
The Swedish Bandy Federation has reported financial losses for the third consecutive year, with the recent fiscal year ending in a loss of approximately 340,000 kronor. This figure represents a significant improvement compared to the nearly five million kronor loss recorded in 2023. The annual report, which will be presented at the upcoming annual meeting on June 14, 2025, highlights serious deficiencies in the federation's internal financial controls that have led to these ongoing financial struggles. Board member Sofia Tilly described the management report as notably critical, reflecting the current reality of the organization. Tilly emphasized that these internal control failures have had severe consequences for the federation’s economic stability. As it stands, the federation continues to face significant economic challenges as it looks towards potential solutions in the upcoming meetings.