Four German clubs have pledged 20 million euros as support to other teams that are struggling after football games in the country were suspended due to the coronavirus pandemic.
The four Bundesliga clubs namely; Bayern Munich, RB Leipzig, Borussia Dortmund, and Bayern Leverkusen will forgo 12.5 million euros in yet to be distributed TV money and add another 7.5 million euros from their own coffers. It must be noted that all four clubs are making extra income from their participation in this season’s UEFA Champions League.
The distribution of the money will be decided by the German Football League, the overseers of the top two football divisions in Germany. The league recently revealed fears that many clubs could collapse financially if games can’t resume.
“In these difficult times, it’s important that the stronger shoulders support the weaker shoulders,” Bayern CEO Karl-Heinz Rummenigge said on Thursday.
This is the latest effort to help those in need in German soccer. It can be recalled that players at clubs like Bayern, Borussia Monchengladbach and even Bundesliga 2 side Karlsruher have agreed to voluntary pay cuts to support other staff.
According to Dortmund CEO Hans-Joachim Watzke, clubs should be responsible for keeping other teams running in what could be a long period without income from sponsors and ticket sales.
“We have always said that we would show solidarity if clubs, through no fault of their own, should run into difficulties that they can no longer overcome themselves,” Watzke said in a statement.
“BVB is currently having a major impact on society through a wide range of initiatives. And naturally we are prepared to help out other professional football clubs if it is ultimately a matter of cushioning the financial effects of the pandemic.”