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German football sees red

German football sees red

German football sees red

The coronavirus crisis could “potentially threaten” the existence of the German Football Association (DFB), its treasurer Stephan Osnabruegge warned Monday. “The DFB is in the deepest economic crisis of the recent past,” said Osnabruegge at the German FA’s virtual extraordinary meeting.

He said “far-reaching cuts” must be made to avoid a worst-case scenario, which would see the DFB receiving 96.5 million Euros ($ 105.1 million) less than planned this year, resulting in a forecasted loss of 77 million euros. All but 13.8 million Euros of that figure would be covered by the governing body’s financial reserves.

Ranjini Trinitymirror

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