Schalke Unveils Remodeling Plan For Training Facility
Bundesliga club Schalke 04 "presented plans Tuesday for the remodeling of its training facility over the next several years for an estimated €20M-25M ($26.3M-32.9M)," according to the SID. The "Tor auf Schalke" project will consist of new training fields, a small stadium for the club's youth teams and a central building called "Schalker Markt." The construction of the project "is expected to be completed by '15." To finance the remodeling of its training facility, Schalke, which has debt of about €180M ($237.2M), "will use private equity and outside capital." Even a new fan bond "is a possibility" (SID, 12/18).