Currency Converter

Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).


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).
Return to top

Related Topics:

Franchises, Europe

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug