Bremen – Money has still not flowed, but on the way to the hoped-for loan from the federal development bank “Kreditanstalt für Wiederaufbau” – in short: KfW – SV Werder Bremen has now made a small step forward: The association is now holding talks with the development bank to sound out the criteria for a possible money loan.
That in the end there is actually something countable Werder Bremen arrives does not mean that by a long way. After Bremen, like some other Bundesliga clubs, submitted a loan application to the KfW In order to compensate for the financial imbalance caused by the corona crisis, the federal policy initially took on the matter. Both the Federal Ministry of Economics and the Federal Ministry of Finance examined the clubs’ applications and discussed the question of whether the Bundesliga clubs should be supported by KfW at all.
Werder Bremen got into trouble through Corona through no fault of their own
After all, there is a lot of money being moved in the industry, and players’ salaries are astronomical. Against this background, possible state securities for Bundesliga clubs are politically sensitive because it will be difficult to sell them to the general public. On the other hand, clubs are also like Werder Bremen In the end, nothing more than medium-sized companies that have got into economic difficulties through Corona through no fault of their own and whose bankruptcy should ultimately cost the state significantly more. This point of view now seems to have established itself in the ministries. “We got the signal that we can speak to KfW,” Werder managing director Klaus Filbry told DeichStube.
Werder Bremen wants 15 million euros from KfW
The actual test criteria of KfW, which are known to all applicants in advance, had Werder Bremen reportedly already fulfilled in order to get a loan, the volume of which should amount to 15 million euros. According to Filbry, politics and KfW are now discussing additional criteria for the clubs. Together with the development bank, Werder is currently discussing whether they can be met or not.
In the event that no KfW money flows to Bremen in the end, they have worked intensively in the association over the past few weeks and months on a plan B that is “very far advanced”, as Filbry explains. It would be Werder Bremen The KfW variant prefers because it promises the best conditions, but the alternative credit plan is “similarly attractive”, assures Filbry. He wants to have implemented one of the two solutions by the end of the year. (dco)
–
To the last message from August 01, 2020:
KfW loan: Werder is still waiting for approval
Bremen – 30 million euros. This is the sum that Werder Bremen puts in the loss that the club expects due to the corona crisis for the past and the coming season. In order to be able to compensate for the missing income, the people of Bremen – like many other associations – submitted a loan application to the Kreditanstalt für Wiederaufbau (KfW) through their house bank.
According to information, the DeichStube but no money flowed. The requests from Werder Bremen and Co. are currently still being finally examined by the Ministry of Economic Affairs, after all the awards KfW your Loans on behalf of the federal government.
This is the final formal step before Werder Bremen can record the receipt of payment. That the KfW Denied credit to the association is not to be expected. After all, the house bank had previously requested the relevant evidence. Among other things, Werder had to prove that the help requested is only needed to ensure economic survival – and nothing else than that Coronavirus crisis is to blame for the financial misery.
Werder Bremen: Clear criticism of KfW loans from the fan alliance “Our curve”
Obvious criticism at the government support For Bundesliga clubs, the fan alliance has meanwhile announced “Our curve”. “Some clubs compensate for their loss with financial injections from their investor, others get support from the public purse. As fans anyway, but also as Taxpayers, we can only shake our head at this behavior, “said the second chairman Markus Sotirianos of the German press agency.
While Werder Bremen is one of the clubs that are hoping for help from KfW Schalke 04 another way and get one State guarantee. The requirements of the KfW the heavily indebted club could not have fulfilled anyway. To prove that only Corona tore the financial hole, the clubs must have been debt-free by December 31, 2019. That doesn’t apply to Schalke. (dco)
To the last message of April 27, 2020:
Werder Bremen has to go into debt in the coronavirus crisis – a novelty
A certain pride in the voice has been with in the past Klaus Filbry Not to be overheard when the chairman of the board of management is out of debt SV Werder Bremen reported. They were happy to refer to other Bundesliga clubs who lived on credit. But in the coronavirus crisis, Werder now also has to borrow money – a lot of money.
For the first time since professional football was spun off in 2003. Werder Bremen is negotiating a double-digit million euro loan with the KfW development bank. Filbry reported on Friday in a media talk.
“We must Debt record, because otherwise in this particular situation we are in through the Coronavirus crisis are advised through no fault of their own that it would not be possible to do everything “, announced Filbry, but immediately reassured him:” Our liquidity is secured until early autumn. “The 53-year-old was one day after the general meeting of the German Football League (DFL) and the presentation of the medical Concept to continue the season with ghost games went on the offensive.
Werder Bremen in coronavirus crisis: shortfall in income of many millions of euros
He wanted to promote understanding – quite frankly. Because natural is Klaus Filbry not missed how skeptical the public is. The image of the financially distressed clubs, also drawn by DFL boss Christian Seifert, is sometimes called into question. After all, past earnings were too big. But they have now collapsed massively due to the interruption of gaming operations. Without Ghost games – or games without spectators, as Filbry prefers to call them for PR reasons – is the future of football and thus also of football SV Werder Bremen more than endangered.
And in an unprecedented transparency, the Werder boss then presented numbers – unpleasant numbers. He has already started the Coronavirus crisis internally calculate how big the financial consequences for the 2020 calendar year could be. In the best case (the current season will end without a spectator, the first half of 2020/21 will run with an audience), there were shortfalls in income 20 million euros determined. In the worst case (break of the season, first half of 2020/21 without spectators) this amount is 40 to 45 million euros. One descent would make both scenarios financially worse.
Werder Bremen: Bad prospects for sponsoring – repayments threaten
But even now the crisis is making itself felt Werder account noticeable. Many companies, including sponsors, have stopped making payments and there are outstanding invoices totaling five million euros. That is not unusual at this stage. Filbry recalled the example of some large chain stores that would not pay their shop rents.
The perspective in the field Sponsoring is not rosy anyway. In addition to the contracts from important partners such as VW and Betway, other smaller ones are running at the end of the season contracts out. Total volume: 5.6 million euros. It is currently almost impossible to negotiate extensions. And there are still threats Repayments to various sponsors because of unsuccessful performance in ghost games. It gets even worse if the season ends. Then it should be 3.6 million euros.
Werder Bremen: Big problems with TV money and ticket refunds
In this extreme case, the last TV installment would also be history Werder Bremen it’s about 15 million euros. The media partners have agreed with the DFL to pay despite the break in the season, but initially there is only 25 percent of the negotiated amount. More installments should follow when the game is played again. Werder will not get the full 15 million euros either way, because the schedule will be very compact and therefore not so interesting for all media partners. At a Seasonabbruch repayments would also be due.
The same applies to the area Tickets. The owners of season tickets and single tickets as well as customers in the business area still have to be compensated for the six remaining home games. It’s about ten million euros. The exact procedure is currently being agreed. And then there are those too Season tickets for the new season, which will most likely take place without an audience, at least in the first half of the season. The next financial problem is already waiting.
Werder Bremen is in debt for the first time – and without ghost games it would look very bleak
“We have worked intensively on solutions,” emphasized Klaus Filbry. Credit lines with the house banks have been changed. But that alone is not enough. “For sporting and economic reasons, we are obliged to maintain the continued existence of football and also of the company and the club Werder Bremen“Said Filbry, defending the use of one KfW loans: “The state has made this instrument available. Many companies take advantage of this. ”The development bank has already received more than 17,000 applications. In most cases, these are small loans of up to three million euros. But there are also billions in loans, such as for the travel company Tui or the sporting goods manufacturer Adidas. And now a soccer club from Bremen.
“Yes, it’s the first time that we Debt Filbry admitted. But there is no alternative to this path. The same applies to the ghost games. Without them it would look very bleak for football and for Werder. Like all other companies, football hopes to slowly get closer to normal. “We don’t ask for anything and wait for the political decisions,” said Filbry: “And of course health always comes first.” (Kni)
–
