Four Bundesliga teams face bankruptcy this season

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Four Bundesliga teams are said to soon face insolvency. In the picture symbolic Freiburg’s Luca Waldschmidt.

Source: Getty

The economic situation of many clubs in the first and second German Bundesliga is more dramatic than previously known, according to the German specialist magazine “kicker”.

Accordingly, 13 of the 36 professional clubs – including four first division clubs – are facing bankruptcy this season due to the corona pandemic.

The specialist magazine relies on figures that were announced to the representatives of the professional clubs at the video membership conference of the German Football League (DFL) on Tuesday.

The terrifying result results from the inventory of the 36 clubs that they have deposited with the DFL about their current situation. The DFL had previously asked the clubs for these documents.

Dark situation in the 2nd Bundesliga

Based on these numbers, the situation in the second division is particularly dramatic. Seven clubs should already have to file for bankruptcy at the end of May if the game does not start by then and the fourth installment of the media partners is therefore not due. The last installment from the current media contract would have been paid in early May if the season had been played regularly.

The inventory shows that two more 2nd league clubs would have to file for bankruptcy in June if the broadcaster also failed to pay.

In the Bundesliga, a club is said to be in acute danger. He can only meet his obligations until May. Three more clubs would have to appoint the bankruptcy trustee in June. As the “kicker” reports further, twelve clubs have already transferred their funds from the fourth television rate to banks and other partners in order to pay current bills.

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