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FC Augsburg after investor decision: Accept vote

The German Football League wants to finalize the billion-euro contract with an investor in the first quarter of 2024. From the perspective of Bavarian clubs, not all questions have been answered.

Augsburg's Chief Financial Officer Michael Ströll. Photo.aussiedlerbote.de
Augsburg's Chief Financial Officer Michael Ströll. Photo.aussiedlerbote.de

DFL - 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

Read also:

  1. Despite abstaining in the DFL's investor vote, FC Augsburg's managing director, Michael Ströll, acknowledged the importance of the decision for German soccer and German football's future in the "Augsburger Allgemeine."
  2. The Bundesliga club's abstention was due to the desire for a more extensive and careful discussion, ensuring a responsible vote on such a significant decision.
  3. The "Augsburger Allgemeine" also reported on the investor vote, highlighting the strong support from 18 first and second division clubs, including FC Bayern, which advocated for a yes vote, believing in the DFL's ability to balance tradition and vision with financial support and expertise.
  4. Second-division club 1. FC Nürnberg, however, expressed concerns about the process, lacking crucial information and advocating for a final approval from clubs prior to the transaction.
  5. In Munich, local media like the "augsburger general" covered the DFL's general meeting, where the clubs voted on entering into negotiations with a strategic marketing partner to potentially receive up to one billion euros for a percentage share of TV revenues, aiming to secure the future of German soccer and the Bundesliga.

Source: www.stern.de

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