Svenska Spel To Make SEK 20m To Grassroots Sports Initiatives

Swedish gaming company Svenska Spel has reported that, despite a number of questions about COVID-19, it will make an advanced payment of SEK 20 million to its grassroots sports initiatives.

The Gräsroten initiative by Svenska Spel has been running for over seven years, and typically distributes funds in November of each year to grassroots initiatives. The payment will now be split into two dividends, with SEK 20 million being deducted from daily payment in November for the first time.

Swedish Federation of Sports chairman, Björn Eriksson said: “This is positive news. Many sports associations have lost revenue as a result of the Corona pandemic and youth sports need all the support they can get in this situation.”

Football received, SEK 11 million in the down payment, followed by SEK 3 million hockey while handball got nearly SEK 1 million.

Svenska Spel CEO Patrik Hofbauer commented: “We know that in many cases many associations are already turning and turning every krone, and during this social crisis, the economic situation becomes even tougher for sporting Swedes.

“Therefore, it was a matter of course for us, when we have the opportunity both technically and organisationally, to make an advance payment of the Grass Root. Of course, this does not solve all the problems, but we hope that the advance payment will help a bit along the way.”

Janne Andersson, a member of the national team, added: “It is a trying time for everyone and the Swedish football family is no exception. Svenska Spels Gräsroten has long been an important building block for youth football and I hope the advance payment can help make a small difference for Sweden’s football associations.”

Johan Garpenlöv, the associate captain for Three Kronor concluded: “It is still important for children and young people to move, and this crisis really sheds light on the important social function of sport. The fact that Gräsroten is now making an advance payment will please many associations in Sweden.”