Lokomotiv Plovdiv Players Boycott Manor F1 Docked $3M In Prize Money Renault Accuses Red Bull Of Lying Rangers Interim Chair Murray Speaks Out Jambos Won't Splash Cash Recklessly Neymar Deal Could Cost Barça $173M Tinkoff-Saxo Says Riis Not Involved Scottish Rangers Secure $2.24M Loan Spanish Prosecutor Calls For Trial Franchise Notes
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
SBD Global/June 12, 2012/Franchises
Bond Sales For Bundesliga's Schalke 04 Drop 5% In First Round Trading
Published June 11, 2012
On its first day of trading on the Frankfurt Stock Exchange, the corporate bond of Bundesliga club Schalke 04 took a hit and lost about 5%, according to German business newspaper HANDELSBLATT. The club “wants to use the return from its bond to restructure its debts.” The club announced that it "has sold bonds with a total value of €35M ($43M) by the end of the subscription period.” Handelsblatt wrote, "This is well below the club’s anticipated goal of selling bonds for a total value of €50M ($62M) (HANDELSBLATT, 6/11).