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Bundesliga giants establish £22m coronavirus fund to help cash-strapped clubs
Bundesliga

Bundesliga giants establish £22m coronavirus fund to help cash-strapped clubs

Bayern, Dortmund, RB Leipzig and Leverkusen have put up the money to assist other sides in difficult period

 
5:11pm on Thursday 26th March 2020
By
Paul Macdonald

Germany's Champions League clubs - Bayern Munich, Dortmund, RB Leipzig and Leverkusen - have established a £22m fighting fund to assist other teams in the top two tiers of the game in getting through the coronavirus crisis.

The four clubs will hand back their £13.5m national media revenue payment and will add in another £8.5m of their own.

The funds will be specifically provided to teams struggling to pay bills; Germany's 2. Bundesliga was potentially going to restart in just a few weeks, but this has now been delayed until the end of April, meaning clubs have bills to pay with little or no revenue.

Dortmund CEO Hans-Joachim Watzke made it clear that the league's most affluent teams, who will reap record TV revenue from the Champions League this season, are there to support their member clubs during this time.

He said: "We are prepared to help out other professional football clubs if it is ultimately a matter of cushioning the financial effects of the pandemic.”

Earlier this month Borussia Monchengladbach handed back a percentage of their salaries to ensure that all club staff were paid for the month, while Union Berlin's players have done similar.

German clubs have a history of helping each other financially; Bayern Munich have provided financial support to city rivals 1860 Munich in the past, and even helped out Dortmund when the club almost went bankrupt in the mid-2000s.

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