Monday, January 11, 2010

About the financial situation

We've wanted to write more about the financial crisis in many Norwegian clubs, but it's difficult because the newspapers don't write much about it anymore. The 14th of January is the date when NFF will start investigating the clubs, so we'll probably have more information soon.

What we know:

FC Lyn is now safe. Various investors have invested over 6 million NOK since the end of November. They've lost 14(!) players, cut the wages(some of the players now have to work outside football as well to make a living), they've fired one coach, and will now play their home games on Bislett Stadium rather than Ullevaal stadium (which they used to rent for a high price, especially compared to the fact that they only had about 5000 attending their home games.)

Fredrikstad has also managed to collect money, more than 5 million NOK, however they owe 400,000 NOK to Sarpsborg 08, money Fredrikstad owe after a qualifying match in November. Sarpborg has given Fredrikstad 14 days to pay them back.

The last time we heard from Tromsø was in the middle of December, they had then raised more than 10 million NOK, but were still short of more than 5 millions.

IK Start is probably safe. The city of Kristiansand's cultural foundation has agreed to give the club 6 million NOK if they managed to get the same amouth of money from another source as well, and they have. Three local investors have opened up their wallets.

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