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In page Stig Anderson:
"Anderson was one of the dominant figures behind ABBA, representing their commercial interests and global success through successful record deals. At the same time, he also managed the investment of funds and the enormous financial incomes of Polar Music, holding the majority of stocks. This was an agreement dating back to 1974, and a great deal of the money came from individual record deals he struck for the group, including a ground-breaking agreement for record sales in the Soviet Union in which ABBA recordings were released in exchange for barrels of oil. In the mid-1980s, a considerable part of ABBA's fortune was lost by mismanagement, bad investments, high demands for tax and the rise of credit rates.[citation needed]
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