Tyresö players gathering on the field in June of this year. Photo: Stefan Jerrevång/TT.

Tyresö FF declares bankruptcy

The financially-troubled Swedish soccer club of Tyresö has declared bankruptcy, Swedish Radio's sports department reports. Club chairman Hans Lindberg confirmed the news but declined to be interviewed.

The team had lurched from one financial crisis to another despite reaching to this year's Women's Champions League final, which they lost to German team VfL Wolfsburg.

Club director Jimi Thörnberg told the website fotbollskanalen.se that the team was a success story that ended on a sad note.

Tyresö narrowly avoided bankruptcy in March after racking up debts of more than SEK 9 million.

The team later decided to quit the national league, saying it did not have enough players to be able to compete. It also released all of its current players.

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