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Swedish Women's Champion Göteborg Dissolves Its Team, Citing Financial Reasons

STOCKHOLM (AP) — Swedish women’s champion Göteborg is dissolving its soccer team, less than two weeks after being eliminated from the Women’s Champions League, saying it can no longer compete financially with major European clubs.

Göteborg does not have a men’s team and said Tuesday that it is unable to compete at the elite level when major Swedish and European clubs have started spending more money on their women’s teams.

“To be able to compete internationally I’m convinced that women’s football needs to be integrated as an equal part, and be given the same resources as men’s football, in an elite club,” chairman Peter Bronsman said.