FC Wacker Innsbruck: Creditor threatens total failure in bankruptcy proceedings!

FC Wacker Innsbruck: Creditor threatens total failure in bankruptcy proceedings!

FC Wacker Innsbruck faces a dramatic financial fate, which will have serious consequences for many of the approximately 130 creditors of the association. As Laola1 can be expected with a total failure of the claims, since insolvency administrator Herbert Matzunski only has been in the past three years could bring in minor economically relevant amounts. A last negotiation date will be scheduled in the coming weeks by the Innsbruck Regional Court, according to which the bankruptcy proceedings are to be lifted.

Despite the recognition of liabilities of around 2.4 million euros, there will be no distribution to the creditors. This decision leads to a complete loss of your claims. A final claim of 1.2 million euros against the former investor Thomas Kienle is particularly stressful for the creditors, whose lack of wealth makes uncontrollation impossible.

The sporting descent and the current situation

The association, which restructured its professional department in a GmbH in 2016, had to initiate bankruptcy proceedings in June 2022 due to financial difficulties. Over 130 creditors registered claims of almost 18 million euros, whereby only around 2.4 million euros were recognized as justified. The descent from the second division was difficult for FC Wacker Innsbruck and led to the fact that the club is currently playing in the fourth -class regional league Tirol, where it is in first place.

The context of financial difficulties in football

The situation of FC Wacker Innsbruck reflects greater financial challenges with which many traditional clubs are faced. According to Focus have filed for numerous clubs, such as FSV Frankfurt, and had to reorganize themselves, while others, like TSV 1860 Munich, were about to get the financial abyss, but were able to reach an agreement with their sponsors. These problems are often favored by unrealistic demands, an unjust distribution of television income and high debt loads.

In the second division, over 130 million euros are paid on television funds annually, which further reinforces the financial differences to the lower leagues. The descent often leads to the beginning of profound financial difficulties, since sponsors prefer "class instead of mass" and it becomes difficult to find new donors. FC Wacker Innsbruck is therefore not alone; The problems are widespread and affect many clubs in Europe.