Vienna buys Austria-Stadion: A real football sensation!

Vienna buys Austria-Stadion: A real football sensation!

The city of Vienna has set a surprising bang in domestic football: it takes over the Stadium of Austria Vienna, the Generali-Arena before falling into the hands of foreign investors. According to krone.at there is an urgent need for action, since the financial situation of Austria AG makes a sale of the stadium inevitable. "We want to avoid that a third thing determines what happens in the stadium and that neither we nor the club have an impact on it," said Vienna's sports city councilor Peter Hacker (SPÖ) on the motives for this step.

The purchase is part of a strategy of the city to keep control of the stadium. Around 40 million euros are to flow into the Austria coffers, such as Today.at . This money not only enables the stadium to be preserved, but also creates the opportunity to use the Generali-Arena for other sports. "We already secured a right of first refusal in the land register in 2016," continued Hacker. This laid the basis for the purchase and future use of the stadium. The exact purchase price is still unclear, but the city is determined to initiate all the necessary steps as soon as possible.

development and objective

The previous months were characterized by uncertainties about the future of the stadium, whereby the city government had to take a position. Hacker clearly explained that the city did not want to rely on the "good will or the moods" of potential new owners. This commitment is now shown in a solid plan for the Generali-Arena, which should continue to remain an important part of the Vienna sports landscape. The city has discussed a transfer agreement every month and is now ready to actively act to protect the interests of Austria Vienna and the Vienna population.