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SBD Global/October 31, 2012/Finance

German 3rd League Club Alemannia Aachen Needs $2.6M To Say Alive

German 3rd League club Alemannia Aachen "needs money, a lot of money," according to Robert Peters of RP-ONLINE.de. The club has to scare up €2M ($2.6M) in a very short time. Aachen's fans will be reminded by those news of spring '01, "when club officials walked through the city with a collection box." Back in '01, "they accomplished to save the club, and the team went on a roll that ended with an appearance in the DFB-Pokal (German Cup) Final and its promotion to the Bundesliga." The club's plunge into the 3rd League and economic troubles "was caused by personal vanities and a nice portion of megalomania." Should the lights at the historic Tivoli not be switched off for good, "then the club has to find money, a lot of money." It appears to be very doubtful that the whole city "will once again help to correct the club's serious mistakes" (RP-ONLINE.de, 10/30).
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