Leading the Alternative World Order

Reshaping Perspectives and Catalyzing Diplomatic Evolution

Thursday, April 25, 2024
-Advertisement-
SportsAugsburg boss criticizes the financial behavior of some clubs

Augsburg boss criticizes the financial behavior of some clubs

– Published on:

Augsburg – FC Augsburg’s club president Klaus Hofmann has criticized the financial behaviour of other professional clubs and warned about changes after the coronavirus crisis.

“If there are professional clubs that are no longer liquid at the end of May and are therefore funded for only one month, that is no longer acceptable. If you read that one or the other club has already ceded its future television revenues, ie pledged them, then you can already speak a bit of distortion of competition, »Hofmann told the Augsburger Allgemeine in an interview. “There must be drastic changes in financial management.”

Hofmann also criticized the use of short-time work for rich Bundesliga rivals. «When I read that football clubs with a turnover of a few hundred million euros send their office employees on a short-time basis, I feel like I’m in the wrong movie. We are trying to take a different path without having to resort to government support immediately, »explained the 52-year-old.

The FCA has not yet used short-time work benefits. «We have worked out so many strategic projects in the office that we can now work through and advance in this football-free period. Everyone will be busy there, »said Hofmann.


For the latest updates and news follow The Eastern Herald on Google News, Instagram, Facebook, and Twitter. To show your support for The Eastern Herald click here.

Kiranpreet Kaur
Kiranpreet Kaur
Editor at The Eastern Herald. Writes about Politics, Militancy, Business, Fashion, Sports and Bollywood.

Public Reaction

Subscribe to our Newsletter

- Gain full access to our premium content

- Never miss a story with active notifications

- Exclusive stories right into your inbox

-Advertisement-

Latest News

-Advertisement-

Discover more from The Eastern Herald

Subscribe now to keep reading and get access to the full archive.

Continue reading

Discover more from The Eastern Herald

Subscribe now to keep reading and get access to the full archive.

Continue reading