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Covid-19: Former German champions Kaiserslautern in bankruptcy protection

AP/Berlin
Filed on June 15, 2020
The players already accepted wage cuts last month

Four-time German champions Kaiserslautern has filed for bankruptcy protection to deal with its mounting debts, saying on Monday it was hit hard by the coronavirus pandemic.

Kaiserslautern were most recently German champions in 1998 but haven't played in the top division since 2012 and dropped into the third tier for this season.

The club said the move could allow them to restructure its business and keep the team playing.

The players already accepted wage cuts last month.

CEO Soeren Oliver Voigt said the coronavirus slashed revenues and hampered talks with would-be investors.

The pandemic meant Kaiserslautern played no games for nearly three months before resuming without fans in its 49,850-capacity stadium.


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