Football: Coronavirus could bankrupt German Football Association

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BERLIN (AFP) - The coronavirus crisis could 'potentially threaten' the existence of the German Football Association (DFB), its treasurer Stephan Osnabruegge warned Monday (May 25).. Read more at straitstimes.com.

BERLIN - The coronavirus crisis could"potentially threaten" the existence of the German Football Association , its treasurer Stephan Osnabruegge warned Monday .

He said"far-reaching cuts" must be made to avoid a worst-case scenario, which would see the DFB receiving 96.5 million euros less than planned this year, resulting in a forecasted loss of 77 million euros. However, the DFB would then be expected to avoid bankruptcy due to the equity capital it has available.

 

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