Monday, April 4, 2011

Million debt: Arminia Bielefeld are threatened with financial collapse

The former Bundesliga club Arminia Bielefeld DSC plague serious financial problems. As the "Westfalen-Blatt reported that the bank has frozen all accounts of Arminia. The club is threatening economic collapse, because the liabilities are already estimated in the meantime to 27 million €. Without the support of the banks in the traditional club would probably go into bankruptcy.

Even the sporty relegation to the fifth league would be irreversible. For the current second division, it might be the bitter end of a rapid crash and the culmination of a nearly two-year crisis: Less than 20 months, the club rose from the last time from the first Bundesliga. It was followed by numerous coaching change, high staff turnover and heavy-Executive competence disputes rows of the board.

2010 was an imminent bankruptcy only with difficulty and the help of private donors can be prevented. The sporting result does not look better, at this time Arminia Bielefeld relegated to last place in the table.

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