Economy

Werder Bremen and Borussia Dortmund are considering state loans

Werder Bremen is obviously not only in sport but also financially at risk.

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With Werder Bremen and Borussia Dortmund, two Bundesliga clubs are considering applying for government loans from KfW. The magazine “Spiegel” reports.

At Werder Bremen, final talks are already taking place, says a club spokesman.

Borussia Dortmund is about a loan of up to 60 million euros. However, the topic is currently “without current relevance,” said a spokesman.

As the news magazine “Spiegel” reports, the soccer Bundesliga club Werder Bremen is about to take out a loan from the state-owned KfW bank. This is due to financial bottlenecks as a result of the corona crisis. A club spokesman confirmed to the magazine that final talks are already taking place.

The club does not only appear to be sporty – it is currently on the penultimate place in the Bundesliga table. Werder Bremen also apparently needs help financially and therefore wants to take out loans for companies that have encountered difficulties due to the crisis. The association would have to repay the money, including interest, within six years.

In addition to Werder Bremen, Borussia Dortmund is also considering state aid

But not only Werder Bremen is thinking about state aid from the Bundesliga. As the “Spiegel” reports further, Borussia Dortmund also has corresponding plans. It is possible that the management can apply for a loan of up to 60 million euros from KfW under certain conditions.

An explosive fact: Dortmund’s managing director Hans-Joachim Watzke recently rejected government aid for the rescue of Bundesliga clubs. A spokesman for the association said when asked by “Spiegel” that it is part of a proactive crisis management to deal with all scenarios. At present, however, the matter is still “without current relevance”.

These German companies have applied for government aid because of the Corona crisis

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