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SBD Global/April 18, 2013/Franchises

German Second-Division Basketball Club Gets Anonymous Donation Of $1.3M

German second-tier basketball club BV Chemnitz "has received an anonymous donation," according to the SID. The club revealed that a businessman "will pay the salary for three full-time youth coaches for the next 10 years." The only requirement is "that his name will not be made public." The total amount of the donation is around €1M ($1.3M). Club President Detlef Müller said, "It is a tremendous feeling and an absolute piece of luck. It happens only once in a lifetime that you profit that much from a donation. It is about sustainable and long-term support. The donor is himself a former athlete and from the region. He didn't ask for additional voting rights or positions" (SID, 4/17).
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