A former club chairman who masterminded a rise from fourth-tier football to UEFA Europa League in seven years has been sentenced to three years in prison.
A Swedish court has sentenced Daniel Kindberg, the businessman lauded for the rise of Swedish football team Ostersund for 'serious financial crimes'.
The Angermanland Court said on Tuesday that Kindberg was guilty of embezzling ''millions of kronor'' in taxpayer money into the club.
It's been reported that the scheme involved two other men and three companies, one of which being the Ostersund municipality’s housing corporation for which Kindberg was the CEO.
When Kindberg was club chairman, Ostersund rose from the amateur ranks in 2011 to Sweden’s top league in 2015 and won the Swedish Cup in 2017.
Ostersund qualified for the Europa League, where it advanced to the knockout stage before losing to Arsenal despite winning the second leg 2-1 at Emirates Stadium.