Sport Bundesliga: Stadium already bankrupt: How is Werder doing?

15:30  24 october  2020
15:30  24 october  2020 Source:   spox.com

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German Bundesliga stadium naming rights revenue 2019/20. The average annual player salary in that season was 8.36 million U.S. dollars, while in FC Nurnberg, the lowest paying club in the Bundesliga , it was 0.41 million U.S. dollars.

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Werder Bremen's financial worries are growing: The Stadion-GmbH is probably dependent on outside help to keep the company running. Werder's managing director Klaus Filbry assured meanwhile that the season was financed: the club was not threatened with bankruptcy.

Der Weserstadion GmbH droht wohl die Insolvenz. © Provided by SPOX The Weserstadion GmbH is threatened with bankruptcy.

Dark clouds over Bremen: Weserstadion GmbH (BWS) is likely to be insolvent due to the corona pandemic. When asked by dpa , a spokesman for the Senate confirmed a corresponding report by Weser-Kurier .

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The newspaper had reported that the Senate would meet next Tuesday because without financial support, BWS would be "insolvent at the end of the year and over-indebted at the end of the financial year".

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But that is the framework we have to operate in and I expect the best possible sport within this framework." It said in a statement: "All proposals need to be calmly and rigorously assessed by relevant experts with a clear commitment that player health and safety is not negotiable."

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This would also affect Werder Bremen, since half of the company is owned by Werder and the other half is owned by the city's economic development agency. In order to save the GmbH, both companies are now supposed to inject $ 3.5 million each "to keep Weserstadion GmbH liquid." According to managing director Klaus Filbry,

Werder is doing a little better in the corona pandemic, even if he is facing a "great economic challenge". "But there is no risk of bankruptcy", Filbry clarified in an interview with Weser-Kurier .

Das Weserstadion ist die Heimstätte von Werder Bremen. © Provided by SPOX The Weserstadion is the home of Werder Bremen. Werder Bremen: Credit should plug corona holes

In order to stay liquid, the Bremen residents have already applied for a loan from KfW (Kreditanstalt für Wiederaufbau). Our request has been with KfW for a long time and has not been processed for a long time and is being carefully examined, "explained Filbry." We are in dialogue with KfW. In the event that we cannot find a solution, we have worked out alternatives that will almost certainly occur. "

Should the application be rejected, the Hanseatic League also has a plan B in the drawer." We are good secured, the season is financed through, "said Filbry, but he also noted once again that a loan from KfW was the preferred solution.

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