Swedish Rally's million-dollar debt – next year's municipal grant already used up

The Swedish rally has already used Umeå municipality's contribution for next year's competition, the newspaper writes. The money has gone to cover debts.

VF writes that Umeå municipality comes in with SEK 14.5 million each year, but that the money for next year has already run out.

CEO Anna Nordkvist is the only one left on the board of Rally Sweden AB after the others quit.

- It became clear to me that we were not good at running a company. We simply did not have that competence. And the figures in the annual report show it, Rally Sweden's minus of 16 million, says Peggy Dicksdotter Hermansson, who dropped out, to VF.

She and other defectors believe that the board lacks the skills required to run a company.

- The Swedish rally will go bankrupt - the only question is when, says a person with good insight to Värmland's Folkblad.

No date for the 2027 rally in Umeå has been set yet.

SVT News Västerbotten is looking for Rally Sweden.