Spiegel: Werder wants to apply for government aid

Werder is not the only Bundesliga club that is considering government loans
Werder is not the only Bundesliga club that is considering government loans

Berlin - Dortmund's managing director Hans-Joachim Watzke has publicly rejected state aid for the rescue of Bundesliga clubs



By AFP

Published: Fri 22 May 2020, 6:26 PM

Last updated: Fri 22 May 2020, 8:29 PM

Bundesliga soccer club Werder Bremen is about to take out a loan from the state-owned KfW bank. The Hanseatic people want to overcome financial bottlenecks caused by the corona crisis. A spokesman for the association confirmed to the mirror that final discussions were taking place.
For the Bremen athletes, who are also sporty, it is specifically about loans offered by the development bank as part of the Corona aid package for companies that have encountered difficulties due to the crisis. The loan and interest are to be repaid within six years.
According to Spiegel, Werder is not the only Bundesliga club that is considering government loans. The management of Borussia Dortmund also discussed plans and, under certain conditions, received the green light to apply for a loan of up to EUR 60 million from KfW.
Dortmund's managing director Hans-Joachim Watzke has publicly rejected state aid for the rescue of Bundesliga clubs. When asked, a spokesman for the association said: It is part of a proactive crisis management to deal with all scenarios, but the matter is "currently without current relevance".


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