Tuto thinks the league share price is high.
In addition to Kiekko-Espo, which has been in the public eye a lot, Tuto Hockey, which plays in Mestis, is applying for a league license for next season.
The league share would cost 3.6 million euros for the people of Turku, 3.8 million for the Jokers, according to Monday morning’s information.
– 3.6 million read the email we received. It’s a massive amount of money, says Tuto’s CEO Kimmo Hollmen.
– The league’s license committee asked us for certain additional explanations for the process. For example, we have to present them with the financing model of the share. We asked them certain additional questions, but the licensing committee referred them to the League.
There is no time to waste in the process.
– I put the questions on November 9, chairman To Heikki Hiltuse and CEO Mikko Pulkkinen. No answers have come yet, says Hollmen.
– We have to submit all the papers required for the license application by November 16. Looks like it’s going to be busy.
Tough questions
Tuto Hockey is applying for a league license and promotion, even if the financial shoulders of the organization cannot actually support it. JAAKKO STENROOS / AOP
Tuto asked Liiga interesting questions.
– We asked, for example, what the price of a league share consists of and how it should be paid. That is, in how many parts and in what time, says Hollmen.
In addition, the people of Turku would be interested to know what would happen to the shares of a possible league relegation party or the shares of a bankrupt team.
Whether Tuto’s league application includes realism or not, the project will proceed as requested. Among other things, the club gives its report on external financiers and the financing of the first three league seasons.
– We are still preparing all the papers that have been requested. If we don’t get an explanation about the formation of the share price, it’s a bit difficult to present the matter to the financiers. Hardly anyone will write us an open check, Hollmen thinks.
Jokerit announced on Monday that it does not intend to apply for a league place for the 2025-26 season under the current conditions presented by the SM League.
– Yes, there are real facts in the Joker’s bulletin, Hollmen agrees.
There is an unprecedented discussion around the league about, among other things, the number of teams. As new clubs, Tuto and Kiekko-Espoo are seeking a league license for next season. JAAKKO STENROOS / AOP