Weird News KFC Uerdingen: "There is a question about the delay in bankruptcy"

21:30  17 march  2021
21:30  17 march  2021 Source:   sport1.de

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A letter shows that the third division team has been accumulating debts for years. The insolvency administrator wants to speak publicly for the first time on Thursday.

Eckfahne des KFC Uerdingen © imago images Corner flag of KFC Uerdingen

On February 2nd, KFC Uerdingen 05 Fußball GmbH filed for bankruptcy. Around four weeks later, the Krefeld District Court opened the proceedings. But was the KFC's application received on time? A document from the lawyer Dr. Claus-Peter Kruth, which the kicker has in excerpts, raises doubts and gives a little insight into the behavior of the KFC before filing for bankruptcy.

As can be seen from the letter, Kruth assesses the economic past of the GmbH since 2019 as "precarious". Already for the 2018/19 and 2019/20 financial years there was an annual deficit of around 2.5 million euros on the books and in 2019 alone a bailiff had to collect debts 22 times.

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"These circumstances can indicate an insolvency situation"

"These circumstances can indicate an insolvency situation, but do not have to be", emphasizes lawyer and insolvency administrator Dr. Gregor Reiter. But there is a lot to suggest that there was considerable financial distress in the summer of 2019.

In the middle of last year, the indications that the GmbH had become insolvent increased. As can be seen from the letter, the Krefelders accumulated 1.6 million euros in arrears in wage and ancillary taxes at the tax office by November 2020 alone.

Until the opening of the insolvency proceedings at the beginning of March 2021, contributions totaling more than one million euros to the professional association were open. For 2020/21 alone, 37 enforcement orders with a volume of around one million euros were reported by private creditors.

World Champion and BVB fan favorite Großkreutz ends his professional career

 World Champion and BVB fan favorite Großkreutz ends his professional career Kevin Großkreutz played and fought his way into the hearts of BVB fans, celebrated his greatest successes as a professional at Borussia Dortmund and with the DFB selection - and is moving to his From the KFC Uerdingen now at the age of 32 years a line. © imago images German champion - and world champion! Kevin Großkreutz celebrated his greatest successes at BVB and with the DFB.

"The question of a delay in bankruptcy is at least in the room"

"The question of a delay in bankruptcy is at least in the room," believes lawyer Reiter. The obligation to file for insolvency was suspended from March to September 2020. In the event of a possible insolvency, the management should have filed for bankruptcy by October at the latest.

Last December, one of the two KFC managing directors, Frank Strüver, officially resigned from his position without giving a reason. At the end of 2020, ex-investor Mikhail Ponomarev, who acted as supervisory board and president of the registered association (e.V.), announced his withdrawal.

In February of this year, Kruth announced that Ponomarev had sold his shares in KFC Uerdingen 05 Fußball GmbH. Since then, the Armenian Noah Company has been the majority owner of the GmbH.

On Thursday, the insolvency administrator Kruth wants to comment publicly on the status of the proceedings for the first time. In the evening, the council of the city of Krefeld will also vote on the additional costs due for the renovation of the Krefeld Grotenburg stadium.

You can also read the latest news about the explosive sporting nature of KFC trainer Stefan Krämer and the catch-up games in the third division in kicker.

KFC Uerdingen speaks dismissals against players from .
The team of the KFC Uerdingen will probably change massively. After various players themselves announced, the insolvency administrator ended the employment relationship for the summer at others. The new investor probably initiates a course correction in the squad planning. © imago images Your contracts run at the end of the season: Stefan Krämer and Stefan Reisinger. Other contracts were terminated. At KFC Uerdingen, the time of the decisions has begun.

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