Sports Clubs Set To Cut Players Wages

The economic downturn is set to force many of Sweden’s sporting clubs to lower wages to their players. Clubs inside speedway and elite ice hockey are already discussing lowering their playing budget.

As well as the paying public, sports clubs in Sweden rely on a majority of their income from company sponsorship, which has been adversly affected by the recession.

Peter Gudmundsson, managing director with Hockey League, the organisation that runs elite ice hockey, told Ekot news service that many clubs will be lowering their budgets but wouldn’t speculate on the size of the wage cuts to players. He also said that players wouldn’t be leaving to play abroad because the economic crisis was global.