Ailing Bundesliga club is to receive a guarantee from NRW

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The troubled Bundesliga club Schalke 04 is said to receive financial help from the state of North Rhine-Westphalia. It is a guarantee in the millions.

FC Schalke 04 is said to receive public aid, according to the “Handelsblatt”. As the newspaper reports, the state of North Rhine-Westphalia is planning a guarantee for the financially troubled Bundesliga soccer team in the amount of 40 million euros.

According to this, the million aid should be officially announced on July 1. The state finance ministry did not want to comment on the guarantee secret. The Bundesliga twelfth reported liabilities of EUR 197 million for the 2019 financial year.

Fans call for Tönnies to resign

The loss of revenue caused by the Corona crisis created additional financial problems. In addition, after 16 games without a win, the club missed the qualification for a lucrative European competition. Not least because of this, the club is thinking, according to the “Süddeutscher Zeitung”, about introducing a salary ceiling for professionals of 2.5 million euros per year.

In protests on the last matchday on the Berger Feld club grounds, fans had asked for the retirement of supervisory board chief Clemens Tönnies. He is still under massive pressure as head of the company and as head of the Bundesliga team. In the main plant of the Tönnies meat group in the district of Gütersloh, well over 1,000 employees were infected with the corona virus. That is why there was strong criticism of the working conditions in the company. Many Schalke fans are calling for Tönnies to resign from the Royal Blues.

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https://www.t-online.de/sport/fussball/bundesliga/id_88146830/schalke-04-angeschlagener-bundesligist-soll-buergschaft-von-nrw-erhalten.html

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