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SBD Global/May 21, 2013/Franchises

Second Bundesliga Side MSV Duisburg Again Threatened With Bankruptcy

Second Bundesliga club MSV Duisburg "has agreed to change its club constitution in order to ease its troubling financial situation," according to the DPA. Five months after Duisburg "was able to avoid a financial collapse, the club is again threatened with bankruptcy." MSV Duisburg Managing Dir Roland Kentsch said, "I can't promise that we will make it." The club has to close a reported financial gap of up to €2.5M ($3.2M) by Thursday in order to comply with the license requirements of the German Football League (DFL). Kentsch said, "If we are unable to [come up with the money], bankruptcy would be unavoidable." However, club members "have after a four-hour discussion agreed to change the club's constitution to provide investors with more voting rights." The club hopes that "this modernization will help to come up with the money in time" (DPA, 5/17).
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