Knattspyrnufélag Fjallabyggðar

What Knattspyrnufélag Fjallabyggðar does

Knattspyrnufélag Fjallabyggðar (KF) is a non-profit Icelandic amateur football club headquartered at the Ólafsfjarðarvöllur stadium in Ólafsfjörður, with operations extending to Siglufjörður across the Fjallabyggð municipality. Formed on November 10, 2010 through the merger of Knattspyrnufélag Siglufjarðar and Knattspyrnufélagið Leiftur, the club serves the local community by fielding a senior men's team (Meistaraflokkur) in Iceland's 3. deild karla (third division), running youth development programs (Yngri flokkar) for ages 5-18, and operating a summer football school (Knattspyrnuskóli) for children born 2006-2014. The club's product portfolio includes youth tournaments (Nikulásarmót and Pæjumót) and ancillary community engagement services such as the Getraunir weekly prediction game and an annual Christmas lottery (Jólahappdrætti).

The club operates on a volunteer-governed, member-funded model with a 7-person board led by Chairman Heimir Ingi Gretarsson and approximately 5 paid staff. Revenue streams are diversified across small recurring and transactional sources: annual membership fees, sports school tuition (5,000 ISK/week or 30,000 ISK for the full 8-week program), prediction game entry fees (3,000 ISK per participant), Christmas lottery ticket sales (2,000 ISK × 1,500 tickets), Easter bingo events, matchday kiosk concessions, and affiliate commissions from Stöð 2 Sport subscriptions (6,470 ISK per sale). Supplemental funding includes KSÍ league performance grants (1.6M ISK over a 2-year period) and cultural fund grants from KEA (300,000 ISK in 2023).

KF functions as the dominant recreational football provider in the Fjallabyggð micro-market, with no direct competitors in the region. The club maintains a basic digital presence through a WordPress website (kfbolti.is), Facebook, Twitter/X (@kfthunders), and YouTube, with no proprietary technology, mobile app, or AI infrastructure. Notable strategic partnerships include KSÍ (national governing body), KEA (local cultural association), Arion Bank (financial sponsor), Héðinsfjörður.is (media), and a 2015 Volkswagen Caravelle van provided by Siglufjörður Can Recycling to support inter-town transport. The club was relegated from 2. deild to 3. deild between 2019 and 2024, and multiple annual general meetings have documented governance and volunteer capacity constraints.

Name

Knattspyrnufélag Fjallabyggðar

Legal name

Knattspyrnufélag Fjallabyggðar

Website

https://kfbolti.is

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

Knattspyrnufélag Fjallabyggðar is an Icelandic non-profit amateur football club serving the Fjallabyggð municipality, fielding a senior team in 3. deild karla and running youth programs, a summer football school, and community events for local residents.

Ownership category

akta.pro rank

Product category

Amateur Football Club Services

NAICS

Sports Teams and Clubs (711211)

SIC

Services-Membership Sports & Recreation Clubs (7997)

akta.pro industry

PRIMARYMPAKACAE

Local Amateur Clubs & Community Sports Organizations

Media, Entertainment & Sports/Sports (Leagues, Teams, Events, Venues)/Collegiate & Amateur Sports Organizations (NCAA, Federations, Clubs)

SECONDARYMPAKACAF

Youth & Scholastic Sports Organizations (K–12, AAU, Club Leagues)

Media, Entertainment & Sports/Sports (Leagues, Teams, Events, Venues)/Collegiate & Amateur Sports Organizations (NCAA, Federations, Clubs)

Keywords

• Amateur football club
• Youth football programs
• Community sports association
• Football tournaments Iceland
• Sports school training

Headquarters

HQ city

Ólafsfjörður

HQ country

Iceland

HQ region

Europe

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Membership fees: Annual membership fees collected from club members, with direct bank transfer collection
2. Sports school fees: Fees from summer football school program for children born 2006-2014, priced at 5000 kr per week or 30,000 kr for full 8-week summer program
3. Prediction game (Getraunir): Weekly prediction game competition with 3000 kr per person entry fee, operated on Friday evenings with 8-12 rounds per season
4. Lottery and bingo events: Annual Christmas lottery ( jólahappdrætti) with 1500 tickets at 2000 kr each, totaling 964,370 kr in prizes in 2023. Easter bingo events at 500 kr per card.
5. Matchday concessions: Stadium kiosk (vallarsjoppa) sales during home matches
6. Stöð 2 Sport subscription sales: Club earns 6,470 kr per subscription sold through 'Styrktu þitt félag' campaign, goal of 50 million kr for all football clubs combined

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Knattspyrnufélag Fjallabyggðar (KF) is a community-based amateur football club in northern Iceland that operates a senior men's team competing in 3. deild karla (3rd division), youth development programs across multiple age groups, a summer football school for children, a weekly football prediction game, and regional youth tournaments. The club also runs community fundraising events including a Christmas lottery and Easter bingo to support operations.

Product overview

Knattspyrnufélag Fjallabyggðar (KF) is a football club based in Fjallabyggð, Iceland, formed by the merger of Knattspyrnufélag Siglufjarðar and Knattspyrnufélag Leifturs on November 10, 2010. The club offers organized football programs including the Meistaraflokkur senior team competing in Iceland's 3rd division, youth development programs (Yngri flokkar) across various age groups, seasonal football schools (Knattspyrnuskóli), a football predictions game (Getraunir), and youth tournaments (Nikulásarmót and Pæjumót). The club serves the communities of Ólafsfjörður and Siglufjörður in northern Iceland.

Differentiator

Problem solved

Functional benefit

Products and services

• Meistaraflokkur (Senior Team) The main competitive football team competing in Iceland's 3. deild karla (3rd division). The team plays home games at Ólafsfjarðarvöllur stadium and draws players from the Fjallabyggð region. The senior squad for 2026 lists 32 players plus coaching staff.
• Yngri flokkar (Youth Programs) Youth football teams and development programs organized across various age groups (3rd-5th division teams for men and women). The club is affiliated with teams in the northern region of Iceland, including combined youth teams playing across Dalvík, Hvammstangi, and Sauðárkrókur.
• Knattspyrnuskóli (Football School) Summer football school program for children born 2006-2014, offering football training combined with games and activities, with transportation provided between the two towns (Siglufjörður and Ólafsfjörður). Priced at 5,000 kr per week or 30,000 kr for the full 8-week summer program.
• Getraunir (Prediction Game) A football predictions/tipping competition service where participants predict match outcomes for points, including team and individual competitions. Operated on Friday evenings during football season with 8-12 rounds per season, entry fee 3,000 kr per person.
• Nikulásarmót Annual youth football tournament organized by the club, attracting regional teams from across North Iceland. Matches typically start at 15:00.
• Pæjumót Annual girls' football tournament in the 6th and 7th age divisions, featuring 5-a-side football matches, awards, and family-friendly activities. Tiered pricing from 5,000 kr (competition, grill, medal) to 10,000 kr (with accommodation).
• Jólahappdrætti (Christmas Lottery) Annual Christmas lottery fundraiser with 1,500 tickets sold at 2,000 kr each, offering 50 prizes with a total prize value of 964,370 kr (2023 edition). Tickets drawn by the District Commissioner (Sýslumaður). Recurring annually, with the 2025 edition also confirmed.
• Easter Bingo (Páskabingó) Annual Easter bingo community fundraising event at 500 kr per bingo card.
• Stadium Kiosk (Vallarsjoppa) Matchday concession kiosk sales at Ólafsfjarðarvöllur stadium during home matches, providing food and beverages to attendees.
• Stöð 2 Sport Subscription Referral Program KF participates in the 'Styrktu þitt félag' (Support Your Club) campaign with Stöð 2 Sport Ísland, where the club earns 6,470 ISK per subscription sold, with a combined goal of 50 million ISK for all Icelandic football clubs.

Quantifiable outcome

• Founded November 10, 2010 through merger of two historic clubs, serving community for over 14+ years

Named customers1 record

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered minor and core.

• KEA (Fjallabyggð)minorOthersKEA (Fjallabyggð Culture and Sports Association) provides annual grants to local clubs from cultural fund. KF received 300,000 ISK grant in December 2023 from the 90th fund distribution.
• Arion BankminorGTM or Marketing PartnerArion Bank in Fjallabyggð sponsors football coverage and news reporting for KF during summer season.
• Héðinsfjörður.isminorGTM or Marketing PartnerLocal website covering KF news and match coverage as media partner.
• Stöð 2 Sport ÍslandminorGTM or Marketing PartnerSports subscription service. KF participates in 'Styrktu þitt félag' campaign earning 6,470 ISK per subscription sold, with goal of 50 million ISK for all football clubs combined.
• KSÍ (Football Association of Iceland)coreOthersNational football governing body. KF receives funding based on league performance over 2-year period (2017-2018 received 1.6 million ISK for World Cup fund). Club plays in KSÍ organized league system.
• Siglufjörður Can Recycling (Dósamóttakan)minorGTM or Marketing PartnerLocal recycling business that funded purchase of a 9-seat Volkswagen Caravelle van (2015 model) for 3.5 million ISK to support club transportation needs.

Scale indicators7 records

Recent moves7 records

Expansion highlights8 records

Direct peers

• ÍA Akranes (Knattspyrnufélag Akraness): ÍA is an Icelandic football club that has historically played across multiple divisions of the KSÍ pyramid and is most comparable to KF in structure: a community-rooted Icelandic club running senior teams, youth programs, and community events, although operating at a larger scale.
• Dalvík/Reynir: Dalvík/Reynir is a North Iceland football club that played KF in its first official KSÍ match and competes in the same regional pyramid. Directly comparable as a small-town North Iceland club with similar demographic and operational constraints.
• Fjölnir Reykjavík: Fjölnir is a small Icelandic multi-sport club whose football section has competed in the KSÍ lower divisions. Like KF, it relies on community membership, youth development, and a modest operational footprint, making it a structural peer.
• Víkingur Ólafsvík: Víkingur Ólafsvík is a small-town Icelandic football club that has played in the KSÍ lower divisions and briefly in the top flight. Comparable to KF as a rural Icelandic club of similar size, with similar challenges of small population base and limited commercial revenue.
• Leiknir Reykjavík: Leiknir is an Icelandic lower-division football club competing in the KSÍ league system with senior, youth, and community-oriented programming. It is directly comparable to KF as a small Icelandic club operating in the same national pyramid with similar volunteer-driven operations.
• Þróttur Vogum: Þróttur Vogum is a small Icelandic football club that has competed in the 2. and 3. deild of the KSÍ pyramid. Its scale, community orientation, and reliance on volunteer governance make it a close structural peer to KF.

Others

• KSÍ (Knattspyrnusamband Íslands): The Football Association of Iceland is the national governing body of football in Iceland. Relevant as the organizer of the league KF competes in and as a source of grant funding; not a competitor but a key institutional counterparty.
• KEA (Fjallabyggð): KEA is the local cultural and sports association of Fjallabyggð municipality that provides annual grants to local clubs. Relevant as a recurring local funding partner and cultural community counterpart, not a competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks4 records

Key highlights5 records

Customer concentration

• Xx.com/kfthunders
• YouTubeyoutube.com/watch?v=AjSm5acNZaw
• Facebookfacebook.com/knattspyrnufelag.fjallabyggdar
• LinkedInlinkedin.com/company/knattspyrnuf%C3%A9lag-fjallabygg%C3%B0ar

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

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M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Knattspyrnufélag Fjallabyggðar