Anrika Vetlanda Speedway was declared bankrupt on Wednesday due to debts of several million kronor.
At the same time, they are withdrawing from the highest league.
Vetlanda has since 2015 made a loss of almost twelve million kronor and when the bankruptcy became final, it was clear that it had debts of over three million kronor.
Veteran Peter Ljung grew up in the city and started driving speedway at the motor stadium when he was twelve years old.
When last year's season ended, the 39-year-old left the club and signed for Västervik instead.
He now testifies about how the parent club mismanaged the economy last season.
Several drivers did not receive their salary payments on time and for himself, almost SEK 100,000 is burning now that Vetlanda is bankrupt.
- Sure, it's not a fortune, but it's considerable sums and at the same time we drivers have come from two corona years, so we have come from a steel bath.
For my part, I had a payment left and it was the due date on the same day as the bankruptcy.
So there will be nothing with that money.
They dragged on with salaries all last season.
We could have refused to drive already during the season and then the situation would have looked more brutal for them before, but we have lined up and driven without getting paid.
You have pissed on your own drivers.
It's damn rotten, he says resigned to SVT Sport.
"All foreign professionals have received their money"
Have you been aware that the economy has been in a bad position?
Not that it was that bad.
But I know that a lot of money has been destroyed for many years and it has been very deficient responsibility.
To sit on a company board and drive millionaires year after year and not see that you need to turn it around, then you are not competent to much if you ask me.
You do not have to have so many elves in the attic to realize that it is not possible.
But you have just ignored and driven on.
Was it obvious to leave for Västervik after the season?
- Yes it was.
It was so flawed with everything.
We have been out with money for six months.
I know that all foreign professionals received all the money.
I think the other Swedes also got all the money.
Now it's not me or anyone else.
But it's all up the walls whoever it is.
- This is my parent club.
We are there and do the same job, but they have always put the foreign professionals first and made sure they feel good.
Do you feel that they have taken advantage of the fact that you are from the area?
- Yes, a little so.
Then it becomes that you use people's goodness a little.
I myself could have put them in bankruptcy in October when they owed me SEK 400,000.
But I did not want that.
I wanted to find a way out and then we laid out an installment plan.
SVT Sport has asked Vetlanda's chairman for a comment.