SaPKo did not receive any funding for next season.
SaPKo announced its financial difficulties last week. Jaakko Stenroos / AOP
Savonlinna Ball Club or SaPKo is filing for bankruptcy. Eastern Savonia According to the information, SaPKo oy announced the matter at its Annual General Meeting on Tuesday. At the same time, the myth of the Savonlinna Mestis team ends.
The debt of the Mestis team was revealed to be 226,800 euros. SaPKo made a profit of EUR 32,737 for the most recent period, but it was not enough to make up for it.
It was revealed at the Annual General Meeting that negotiations with the financiers were still taking place on Tuesday, but in the end no agreements on the financiers were reached.
On June 2, the taxpayer notified SaPK of the threat of bankruptcy with a demand for payment. The company was in arrears of unpaid taxes.
SaPKo was third last in the league table last season. In the 2016–17 season, the team celebrated their only Mestys championship.