Reviews "Destroys the business models": Bohmann warns of a wave of bankruptcies in sport

14:30  29 october  2020
14:30  29 october  2020 Source:   stern.de

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When jobless claims soar, companies declaring bankruptcy usually follow in the next several months. Jim Hammond, CEO of New Generation Research, joined

Bankruptcies and unemployment have not yet risen sharply. According to the Institute of Economic Research in Halle (IWH) bankruptcies in March Mr Subran’s forecast seems optimistic considering that some industries suddenly lost all their business . The most vulnerable firms are in the hospitality

Handball league boss Frank Bohmann warns of a wave of bankruptcies in German sport in view of the impending lockdown and the ban on viewers. "That of course completely destroys the business models of the sports behind football," said Bohmann to SID on Thursday: "Football also suffers a lot from it, but every business basis is robbed of sports such as handball, basketball and ice hockey. We have to come to terms with that now Calculate again how long we can hold out. "

Handball-Ligachef Frank Bohmann warnt vor Pleitewelle © Provided by AFP Handball league boss Frank Bohmann warns of a wave of bankruptcies

The HBL managing director sketched a gloomy picture for handball. "The air is getting thinner. I hope that we will get everyone through by Christmas. But I can't say for sure today," said Bohmann: "This is not empty talk, the fear and the danger are very concrete." A game stop like in spring is out of the question for professional handball. "If we lock the clubs away for half a year, not many would come back," said Bohmann.

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Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk. For Boeing the financial difficulty has been amplified Dave Calhoun, Boeing’s chief executive, said: “The global pandemic continued to add pressure to our business this quarter, and we’re aligning to

Bankruptcies in Germany increased to 1369 Companies in July from 1354 Companies in June of 2020. Bankruptcies in Germany is expected to be 1910.00 Companies by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

The top functionary renewed his criticism of the decision made by politics. It was "certainly not made on the basis of facts. Health remains in the first place, that is also the clear concern of sport. But we believe that it is the wrong way to shut down society. That cannot be the way how we will live for the next year and a half, "said Bohmann.

He expressed the "fear that we will have a lower number of new infections at the end of November, then we open for two or three weeks and then we have to close again," said Bohmann: "Then you will break many, many structures and then become we experience completely different crises. Economically, but also in terms of health. It has implications when we lock people away in their homes. "

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