The famous German club has started bankruptcy proceedings

Today, June 15, the famous German club “Kaiserslautern” has begun bankruptcy procedure.

The club has debts amounting to 20 million euros, 5 of which appeared over the last year. To pay the bills, the club can not.

“Kaiserlautern” failed to negotiate with creditors about debt restructuring. If they manage to do that, the bankruptcy procedure is stopped.

Despite the bankruptcy, “Kaiserslautern” will not cease to exist. The club will continue to compete in the third division of German football and will not get the 9 points penalty- the rule was abolished due to pandemic coronavirus.

“Kaiserslautern” is a 4-time German champion (1951, 1953, 1991 and 1998), however, is not acting in the Bundesliga in 2012.

Leave a Reply

Your email address will not be published. Required fields are marked *


PEP GUARDIOLA: “One mistake and we were punished”

Head coach “Manchester city” PEP Guardiola commented on the defeat of the “Southampton” (0:1) in the match 33-th round of the Premier League. “It’s a bit like the overall result of the season — one mistake and they punished us. Then we created a lot. We missed a few chances. We played really well, but […]

Inter is going to get rid of six players

As reported by the Italian press, inter at the end of the season ready to say goodbye to six players. The club is not counting on these players: Diego Godin, Victor Moses, Cristiano Biraghi, Kwadwo Asamoah, Mathias Vecino and Alexis Sanchez. We will remind that recently “inter” has announced the signing of defender of “real” […]