FC Schalke 04 continues to fight its debts. Now there are new corporate bonds worth more than 34 million euros.
Second division football club FC Schalke 04 will issue new corporate bonds amounting to €34.107 million in spring 2022 on its way to restructuring financial obligations.
The club, saddled with more than 140 million euros in debt, announced this on Tuesday evening (December 7, 2021). It mainly concerns the refinancing of the 2016/2023 bonds, which mature in a year and a half. “The €34.1 million is a big part that we want to tackle early and strategically,” said Christina Ruhl Hammers, Head of Finance, Human Resources and Legal.
Schalke: minus 21 million in the first half of 2021
The traditional club, relegated from the Bundesliga in the summer, finished the first half of 2021 minus 21 million euros. According to the association, the financial commitments could have been reduced “despite the effects of the Covid-19 pandemic and the decrease in the past six months from 149 million euros to 143.8 million euros.” Wants an increase in liabilities? Avoid FC Schalke.
“As in the past, we will not go beyond the 50 million euro bond volume mark. The goal is to restructure the existing financial liabilities. Our long-term financial planning is geared towards reducing liabilities. With the new exchange and subscription offering, they want to take a lower two-digit million,” said Ruhl Hammers. At least (dpa)