Soccer - FC Augsburg after investor decision: Accept vote
Following the vote on the German Football League's investor deal, FC Augsburg managing director Michael Ströll explained the Bundesliga club's vote. "This is a far-reaching, strategic decision for the next 20 years that has considerable relevance for German soccer. For the aforementioned reasons, we have abstained, as we can only make a clear vote with the necessary care and responsibility," Ströll told the "Augsburger Allgemeine" (Tuesday). Among other things, the club abstained because of the desire for a broader and longer discussion.
The 18 first and 18 second division clubs each voted in favor of the investment with 24 votes in favor, ten against and two abstentions. "As this represents a democratic vote among the 36 first and second division clubs, it must be respected," said Ströll.
Second-division club 1. FC Nürnberg was not convinced by the concept. "Although we see the need for an investment in the DFL infrastructure, we did not agree with the process used and to be agreed upon," Niels Rossow, Commercial Director, was quoted as saying by Nürnberger Nachrichten. "We lacked important information and the possibility of a final reservation of approval from the clubs for this important business transaction." The club will "accompany the following process constructively but critically".
SpVgg Greuther Fürth had clearly taken a different position beforehand. Those responsible felt "closely involved in the process and will speak out in favor of it in coordination with the cloverleaf committees," the club said.
Industry leader FC Bayern had campaigned for a yes vote. "I firmly believe that the DFL will manage to find a balance between tradition and vision. In addition to financial support, a good partner can also contribute its expertise and know-how," said CEO Jan-Christian Dreesen when asked by Deutsche Presse-Agentur.
At the general meeting of the German Football League on Monday, the DFL received a mandate from the professional clubs to enter into concrete negotiations with a strategic marketing partner. A financial investor is to pay up to one billion euros for a percentage share of the TV revenues. The contract is to have a maximum term of 20 years.
DFL DFL press release"Augsburger Allgemeine" report
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- FC Augsburg, despite abstaining in the vote on the German Football League's investor deal, recognizes the democratic nature of the decision and respects the majority's choice.
- The investor deal, if finalized, could significantly impact the financial and strategic direction of German soccer for the next two decades, according to FC Augsburg's managing director Michael Ströll.
- The 'Augsburger Allgemeine' reported that both Hesse-based teams, FC Augsburg and SpVgg Greuther Fürth, held differing opinions prior to the German Football League's general meeting, with the latter supporting the DFL's efforts to secure a strategic marketing partner.
- Munich-based powerhouse FC Bayern, as an industry leader, advocated for a 'yes' vote on the investor deal, believing that a good partner could bring financial support, expertise, and knowledge to enhance the DFL's operations.
- The Bundesliga's 18 first and second division clubs collectively approved the investment, with the intention to secure a strategic marketing partner that could pay up to one billion euros for a share of TV revenues, according to the DFL's press release.
Source: www.stern.de
