Awkward Finance Matters in Kaiserslautern again

Discussion in 'Germany' started by olafgb, Jan 22, 2003.

  1. olafgb

    olafgb New Member

    Jun 6, 2001
    Germany
    DIE WELT:

    Tchato-Transfer cares for new trouble
    PROS PAY TRANSFER WITH THE OWN MONEY AS AN INVESTOR IS MISSING

    New trouble is facing Kaiserslautern before the start into the second season half. While Chairman Rene Jäggi announces to start the fight against relegation, the transfer of Bill Tchato cares for big trouble within the team.

    Jäggi stressed that the 27 year old defender was purchased with external money. Indeed the club paid him with own money - and this although there are already 30 M debts and the license is in danger (for both pro leagues), bonuses and salaries of the players were cut and the stadium shall be sold to avoid insolvency.

    According to WELT information the volume of this transfer has a total of 3M. Montpellier does not make a secret that the transfer sum was 1.4 M.

    It is reported that within the controlling instance there were hot debates because of this transfer. Not only members of this instance asked themselves how this transfer was possible despite of threatening insolvency. Also the players are mad - they finance the transfer, who is endangering the starting position of one of them. Now the players want to have back half of their cut salary of one month.

    Jäggi still confirms that the money is coming from external sources. "I assume that we'll find one or two sponsors, who'll finance it". In other words: FCK has no security and now they got to try to find someone paying for it. "The transfer was announced and within the budget", defends Jäggi. "One thing is sure: only relegating is more expensive".

    Also bank houses in the region Kaiserslautern and Mainz are very astonished how FCK could do this transfer. "Impossible" is a transfer with this volume, can be heard from there. After all the club is still threatened by additional payments to the taxation offices for dubious payments to foreign countries, which were declared as money for personal rights. Public Prosecutor Eberhard Bayer confessed that the first suspicion got reality: "There were payments to buy personal rights of the players, which in reality were hidden salary payments".

    The Fritz-Walter-Stadium is thought to go in ownership of a project company of the state Rheinland-Pfalz, the city of Kaiserslautern and involved bank houses. That way the club wants to get rid off the 20M they had to pay for making the stadium WC-capable.

    ============

    Second article, a comment of Oliver Trust in DIE WELT

    JÄGGI'S OWN GOALS

    From the sportive side the transfer of Bill Tchato to Kaiserslautern might make sense, FCK is fighting to stay in the league. But who cuts money bonuses and money for the players, and wants to sell the stadium for 20 M to state and city to avoid getting no licence, who already sells forward Miroslav Klose at the beginning of the season, but spends millions for a new player, is being in a dangerous territory.

    So far Jäggi was standing for open politics. The times of the dubious management of Jürgen Friedrich, Robert Wischemann and Gerhard Herzog seemed to belong to the past. This was what Jäggi made his main aim when becoming the chairman of the club. Now he's endangered by own fault to be put in the same category as his predecessors. Rene Jäggi neglegently gambles with his credibility and endangers his reputation as revitalizer.

    At the Tchato transfer Jäggi first said that it is financed from external sources. Now - without him being involved - it was known that the club pre-financed the transfer in full amount. In an economical and sportive dangerous situation Jäggi cared for additional trouble. Within the team anger is spread. What pro is satisfied to earn less than guaranteed in his contract, and he gets a rival for his spot financed by his own money?

    Despite of all worries, Rene Jäggi has to care to not get into the same muddle that got FCK into this crisis. To avoid that the culprits have to be named and the numbers presented. The real numbers are meanwhile known by the club after a check by economy experts. Jäggi is keeping the numbers back, that's why the reproach was made that he is over-dramatizing the situation of FCK.
     
  2. todd11

    todd11 Member

    Oct 23, 2002
    Berlin, Germany--
    Club:
    DC United
    Nat'l Team:
    United States
    olaf,
    I've finally hooked up a satelite and now have tv access again after several months...somehow I missed that Klose was sold...I remember reading many times that he would be sold...I just never heard WHO he is now sold to. Is he sold...and to who?
     
  3. olafgb

    olafgb New Member

    Jun 6, 2001
    Germany
    Only the transfer rights were sold. The lottery of Rheinland-Pfalz is holding them after paying 5M. Kaiserslautern already used this money within this season to fill holes in the budget. If Klose is sold for more than 5M, then FCK will get 20% of the amount over 5M - but in reality they'll have problems to find someone paying this sum meanwhile. Probably he'll leave after the season though, the usual suspects are in the discussion: Bayern, Dortmund, Leverkusen, Berlin.
     

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