Sweden—Gambling operator Svenska Spel has continued its partnership with the Swedish Sports Federation until the end of 2020. The said deal will see an additional SEK 17 million ($1.7 million) distributed to organizations all over the country.
Under the deal, which will come into effect starting June 1st, Svenska Spel will continue to provide funds to 62 specialist sports associations as part of the ‘Project Forward’ initiative.
The money will also be utilized in support of the ‘Future Fund,’ where all special sports federations in the country can get funding for project ideas aimed at helping more people, youth, adults and the elderly gain access to sport.
Svenska Spel and the Swedish Sports Federation will also continue to grant the Elite Sports Scholarship to support athletes and their students. The scholarship is priced at SEK 50,000 and will be granted to 75 athletes every year.
Furthermore, funds will also be funneled to initiatives intended to fight match-fixing in sport, including digital education projects and an anonymous tipping service.
“The cooperation with Svenska Spel and the financial support for sport enables efforts to reach more people, support elite athletes in education, counter match-fixing and provide conditions for associations and unions to continue to develop their activities,” Stefan Bergh, Swedish Sports Federation secretary general, said.
Patrick Hofbauer, Svenska Spel president and chief executive, added: “When the Swedish sports movement has been hit hard with the coronavirus pandemic, it feels good that Svenska Spel and the Swedish Sports Federation have extended their cooperation.”
Hofbauer added, “In this way we ensure important funds for Swedish sport and at the same time, work is underway on a more long-term plan for how we together can continue to strengthen sports in the country.”