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Question about Schalke

Posted on 1/31/24 at 4:21 pm
Posted by SeeeeK
some where
Member since Sep 2012
28093 posts
Posted on 1/31/24 at 4:21 pm
Guy was talking about Schalke, and stated that if they get relegated to 3rd division, they would not exist, and would have to start over and restart in the Amateur divisions, try moving up,before competing for the liga divisions.

Said the same thing happened to Rangers?


WTH?

Posted by 5 Deep
Crawford Boxes
Member since Jul 2010
21560 posts
Posted on 1/31/24 at 5:27 pm to
Here’s a thread on Reddit I saw about it earlier, most things are answered in the comments if you sort by “top”

LINK
Posted by OleVaught14
Member since Jun 2019
6874 posts
Posted on 1/31/24 at 6:57 pm to
I would assume ownership would dump them to someone who can cover the debt and keep them in 3. Given the size of the club there's too much value for that not to happen
Posted by lsugorilla
PNW
Member since Sep 2009
5540 posts
Posted on 1/31/24 at 11:34 pm to
Didn’t Bayern step in and help when Dortmund was struggling financially
Posted by SeeeeK
some where
Member since Sep 2012
28093 posts
Posted on 2/1/24 at 12:24 pm to
I thought bayern helped 1860 munich
Posted by lsugorilla
PNW
Member since Sep 2009
5540 posts
Posted on 2/1/24 at 2:22 pm to
Apparently both


quote:

Borussia Dortmund's president has confirmed his side received a €2 million ($2.6 million) loan from Bundesliga rival Bayern Munich to help stave off bankruptcy. Bayern president Uli Hoeness revealed details of the 2003 loan at a fans' meet in Hamburg over the weekend. [...] Dortmund flirted with bankruptcy in the seasons after its 2002 Bundesliga success, only pulling back from the brink in early 2005.


Bayern Munich helped Borussia Dortmund avoid bankruptcy



quote:

Bayern Munich have bought out TSV 1860 Munich's share in the new Allianz Arena for 11 million euros to save the "Lions" from the threat of bankruptcy.

BAYERN HELP OUT TSV 1860
Posted by drockw1
Member since Jun 2006
9115 posts
Posted on 2/1/24 at 2:27 pm to
Bayern helped BVB in the 'aughts when it fell on hard times.

The financial help for TSV 1860 was more indirect; Bayern bought out their payments/percentage on the Allianz loan shortly after its construction, which gave them a shot in the arm and kept them in the 2nd division.

1860 needed more help a few years later and told Bayern to kick rocks in favor of a middle-eastern investor (I forget his name).
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