4 of Germany’s largest soccer golf equipment have pledged 20 million euros ($22 million) to assist Bundesliga rivals going through monetary problem within the coronavirus disaster, the German Soccer League (DFL) introduced Thursday.
Bayern Munich, Borussia Dortmund, Bayer Leverkusen and RB Leipzig — all of whom certified for this season’s Champions League — stated they might make the funds accessible for crisis-hit golf equipment within the high two German divisions, that are run by the DFL.
“This decision underlines the fact that solidarity is not an empty word in the Bundesliga,” stated DFL president Christian Seifert.
“The DFL is very grateful to the four Champions League participants.”
The 4 golf equipment will forego 12.5 million euros of their remaining share of subsequent season’s TV rights revenues, and add an extra 7.5 million euros from their very own reserves.
The DFL itself shall be answerable for deciding how the cash is distributed amongst golf equipment within the high two divisions.
“In these difficult times, it is important that the stronger shoulders support the weaker shoulders. We want to show that football stands together,” stated Bayern CEO Karl-Heinz Rummenigge in an announcement.
“We always said that we wanted to show solidarity when clubs fall into difficulty due to this extraordinary situation and through no fault of their own,” stated his Dortmund counterpart Hans-Joachim Watzke.
The Dortmund CEO had beforehand triggered outrage by arguing that golf equipment who had made “financial and sporting mistakes” lately shouldn’t be bailed out by richer rivals.
In a rustic the place few golf equipment are financed by billionaire buyers, many Bundesliga stalwarts are involved for his or her futures within the disaster.
Gamers at relegation-threatened Werder Bremen have supplied to forego wages in an effort to ease the monetary burden on the membership, whereas Schalke’s head of selling Alexander Jobst has stated that “the existence of the club” is at stake.
With the league suspended till at the least the tip of April, most golf equipment are hoping that the season could be performed out behind closed doorways in the summertime to keep away from extreme losses in TV revenues.
Former Bayern president Uli Hoeness warned Thursday that if no video games have been held earlier than the tip of the 12 months, “the league’s entire basis of existence will be threatened”.
“Right now, solidarity needs to be lived, not just talked about,” Hoeness instructed Kicker journal.