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Klagenfurt football scandal: Ex-players finally get salary!
Austria Klagenfurt transfers outstanding salaries of former players, while financial difficulties and possible bankruptcy are threatened.
Klagenfurt football scandal: Ex-players finally get salary!
Current developments related to Austria Klagenfurt have a great job on the financial situation of the football club, which relegated from the Bundesliga last season. According to the “VDF” footballer union, eight former players from the association have successfully received their outstanding payments. Zeljko Karajica, the main shareholder of Klagenfurt, has sent corresponding payment confirmations, while VDF chairman Gernot announced Baumgartner to check the correctness of the amounts. This payment had to be made under the pressure of a possible insolvency procedure that the VDF had previously considered.
Nevertheless, the financial situation of the association remains tense. Despite a point deduction, Austria Klagenfurt is currently in sixth place in the second division. According to the VDF, the entire outstanding sum, which is due to the association by former players, amounts to a higher five-digit sum, which affects Juni salaries, vacation pay and bonuses. Affected players include Sky Schwarz, Ben Bobzien and Bego Kujrakovic.
Financing problems and strategic decisions
In addition, despite the obvious financial bottlenecks, the association has committed new players. Zeljko Karajica is under massive pressure, while different opinions are circulating about the future of the club. Austria Klagenfurt takes nine in the table, with currently nine points, which would have made a better placement without leaving minus points. The VDF also submitted an application to Senate 2 of the Bundesliga to enforce the outstanding salaries.
However, the club is not only faced with player salaries. An average five -digit sum is also due to a bus company, which led to considerations, for arrival instead of arrival with large vehicles to use minibuses. Karajica hopes for revenues from transfers of former players in order to be able to pay these debts. The current players have received at least their first salaries on time, which is a short breather in the tense situation.
A look at the financial landscape in football
The Austria Klagenfurt case is not only an example of the problems of a single club, but is also in the context of the further developing financing strategies in European football. Ends of establishing a new Super League signal the growing conflicts of interest between financial investors and the traditional values of sport. For example, JP Morgan planned to invest over three billion euros in this project, which met with massive resistance from fans.
The financialization of football has a variety of effects, including debt loads and increasing ticket prices for fans. In Germany, where the 50+1 rule holds the majority of voting rights in the hands of the members, there are efforts to loosen this rule to attract more investors. Between 1999 and 2018, the number of Bundesliga clubs who sold capital shares in investors increased dramatically. The influence of financial investors remains controversial and will significantly shape the future development of football.
The situation of Austria Klagenfurt thus illustrates the challenges that many clubs are facing and raises questions about the sustainable financial future of football.