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World 200 million euros: Federal government supports leagues

16:21  30 june  2020
16:21  30 june  2020 Source:   90min.de

Bundestag: professional leagues receive € 200 million in emergency aid

 Bundestag: professional leagues receive € 200 million in emergency aid The professional clubs in the first and second leagues in basketball, handball, ice hockey and volleyball, as well as the third football league, receive a total of € 200 million in emergency aid from the federal government for the loss of their audience revenue. © Photo: Frank Rumpenhorst / dpa Welcomes the federal emergency aid for several professional sports leagues: DOSB boss Alfons Hörmann.

Akwa Ibom State Government risks losing over 200 million euros grants, if the state fails to pay the 30 per cent required counterpart funding to Mr. Achten appealed to the Akwa Ibom states government to ensure the payment of its counterpart funding to avoid losing the grant and participation in the project.

"At this point the total potential risks identified by the cases under consideration stand at 500 million euros ," the report said, adding the figure could be kept to 200 million if its recommendations were followed. "Nonetheless, the main risk is that indispensable structures are not delivered in time for the

Der Bund unterstützt die deutschen Profiligen © Provided by AFP The federal government supports the German professional leagues

The professional leagues in Germany can prepare for the hoped-for payment of federal aid in the corona crisis. The coalition partners agreed on financial support amounting to 200 million euros as part of the multi-billion euro stimulus package. A resolution has yet to be passed by the relevant institutions such as the Budget Committee and the Bundestag in the coming days. But this is considered a formality.

"It is an existentially important contribution to enable sensible competitions, a sensible game operation and a sensible licensing procedure in the coming twelve months", CDU sport politician Frank Steffel told SID on Tuesday: "It is an insanely important contribution to hundreds to save the existence of associations. "

Federal Government decides to discharge billions for municipalities

 Federal Government decides to discharge billions for municipalities Berlin. The federal government wants to relieve cities and municipalities this year alone of around 14 billion euros in order to strengthen their financial situation in the coronavirus crisis. Among other things, the federal government wants to cover housing costs for Hartz IV recipients. © Roland Weihrauch Residential and commercial buildings in Duisburg city center. Archive photo.

The federal government funded 69% of university research budgets in 1972. By 2015, federally funded research comprised just 55% of total The federal government transferred 0.2 million in grant and contract money to Yale University in 2015, a larger sum than all but a handful of universities.

The Federal Government , Thursday launched a Local Content Fund for the oil and gas industry. The fund will be managed by the Nigerian Content Minister of State for Petroleum Ibe Kachikwu who was present at the event said it would be initiated with $ 200 million but eventually be scaled to billion.

First and foremost, the clubs of the big professional leagues will benefit, as the pandemic containment rules in place mean that they will not have enough audience revenue. These include clubs from the German Ice Hockey League (DEL), the Basketball Bundesliga (BBL) or the Handball Bundesliga (HBL), but also from the 3rd Football League and the Women's Football Bundesliga.

A central criterion for the distribution of the money is the audience income. According to Steffel, the missing income from April to December can be reimbursed "up to 80 percent net". The maximum rate is due to the EU state aid regulation at 800,000 euros.

In particular, women’s sport participates, and help is also important for rural areas. "There are very, very many small places where the clubs have a very long tradition, especially in the area of ​​women," said Steffel, member of the Bundestag, who is also president of the handball Bundesliga team Füchse Berlin.

, however, is not only entitled to the clubs of the big professional leagues, but according to Steffel "the 1st and 2nd leagues of all sports. In principle, wrestling also applies. There are places where thousands of people go to wrestling. There are places "There are 300 people going to the water polo or to a shooting competition. That should be explicitly included. If the audience revenue is lost, there will also be support when the event takes place."

Associations are also explicitly mentioned, "but you have to look very closely at what the general conditions are."

Confederation - fully committed to Commerzbank .
© Reuters / RALPH ORLOWSKI Commerzbank AG annual results news conference in Frankfurt Frankfurt (Reuters) - The Confederation wants to remain loyal to Commerzbank. "The federal government is fully committed to its involvement with Commerzbank," said the Federal Ministry of Finance on Friday after Commerzbank CEO Martin Zielke and head of the supervisory board, Stefan Schmittmann, announced the resignation.

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