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SBD Global/February 20, 2013/Finance

Second Bundesliga Club Kaiserslautern Sells Out Fan Bonds In Only 11 Days

Second Bundesliga club FC Kaiserslautern, which recently issued fan bonds, "revealed that after only 11 days the complete bond volume has been sold," according to Jakob Kunz of GOAL. The club "has issued bonds for a total value" of €6M ($8M). Kaiserslautern Chair Stefan Kuntz said, "The result is simply sensational. I'm also glad because it was a pure FCK project, which the club has organized almost complete on its own. Now we have the basis to implement the concrete plans." The "Future Project FCK" includes most of all the upgrade of the club's youth academy "Sportpark Rote Teufel" (Sports Complex Red Devils) (GOAL, 2/18)
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