(which the Redhawks played on away ice) and thus were eliminated from the playoffs. In the 2010–11 season, things went worse as the Redhawks failed to reach the playoffs, finishing 8th and four points short from a playoff spot. On 28 January 2011, during the 2010–11 season, the Redhawks announced that they had agreed to a 3-year 70-million SEK ($10.6 million USD) deal with businessman Hugo Stenbeck. The goal with the deal was to get Malmö Redhawks back to Elitserien. Malmö's efforts to reach Elitserien started immediately prior to the 2011–12 season. Several players from higher divisions, including Hannu Toivonen, Daniel Josefsson, J. D. Forrest, Jean-Luc Grand-Pierre and Linus Klasen, joined the team. When Linus Klasen joined the team on 17 May 2011, he was immediately appointed the team's captain. Linus Klasen's three-year contract included an annual salary of 4 million SEK ($0.6 million USD), which made Klasen the best paid ice hockey player in Sweden at that time. The season started well with a top-three spot in the league after a couple of months, but after falling down to sixth place with 47 points, at that time 10 points away from the third Kvalserien spot, Redhawks then-head coach Leif Strömberg was fired on 10 December 2011. He was replaced by the team's then-assistant coach Ulf Taavola. Patrik Sylvegård was acquired as the team's new assistant coach. After continuing to struggle throughout January, the Malmö Redhawks improved in February, and managed a seventh-place finish in the league, which was enough for a playoff spot. In the Playoff round, Malmö finished second due to inferior goal difference than Rögle BK, and therefor did not qualify the 2012 Kvalserien. Reconstruction In early 2012, Malmö Redhawks stated that the financial situation needed to be reviewed, after Hugo Stenbeck had withdrawn from the organisation. They filed for economic reconstruction on 11 April 2012. The filing was granted the following day. The team re-negotiated the most expensive player contracts in order to reduce the total salary cap from 30 million SEK down to 18 million. On 17 May 2012 it was announced that Malmö Redhawks and Hugo Stenbeck had agreed that Stenbeck would help buy out Linus Klasen and Hannu Toivonen due to their expensive contracts. After the 2011–12 season, Patrik Sylvegård was appointed CEO and sports director, and Redhawks profile Mats Lusth was acquired as the new assistant coach. A Sports Committee was also