Austria Vienna: Stadium sale to the city is imminent - what now?

Austria Vienna: Stadium sale to the city is imminent - what now?

Favoriten, Österreich - The discussion about the shares at FK Austria Wien AG takes a new turn. The WTF investor group, under the leadership of Jürgen Werner, retains its shares after the deadlines for a repurchase on the part of the association without expiring. Loud laola1.at for over a year has not been able to buy the shares back, however Signature -tiled contract come about. One final period runs until March 31, 2025 that will probably remain unsuccessful.

The financial situation of FK Austria Vienna is tense. There could not be enough money to buy back the shares of 7.5 million euros. In order to master this challenge, the association's focus is on an upcoming sale of the Generali Arena to the City of Vienna. This sale, as is rumored, should bring in around 40 million euros and could be crucial for the financial stability of the association.

Stadium sales and membership development

The sale of the stadium is imminent after the city of Vienna has secured a right of first refusal to the Generali Arena. In the last general assembly, President Kurt Gollowitzer confirmed the city's intention to take over the arena. According to fk-austria.at , all necessary steps are initiated for the purchase, and an expert opinion on the assessment of the sale is expected in the coming days.

City Councilor Peter Hacker emphasizes that the takeover also serves the intention to keep the influence on stadium use. The city plans to continue to make the arena in a variety of ways, including for other football clubs and for the ÖFB national teams. The execution of ÖFB Cup finals and other sporting events could also be secured.

financial challenges and sporting success

Despite the financial turbulence, the association shows positive developments in the sporting field. In the 2023/24 financial year, an increase of 11.24 million euros was achieved, but the liabilities of the FK Austria Vienna amount to 59.44 million euros. The club management is optimistic about the sporting ambitions. The association recorded a membership and fan growth, currently around 8,400 members and around 8,100 subscribers are registered. In addition, the association attracts an average of 12,500 spectators per game.

The positive development is also underlined by the good form of the fighting team, which is located in a strong position within the Bundesliga and has the chance of the Cup final against Hartberg. Sports director Manuel Ortlechner praises the success of all teams and the increase in the convening to the Austrian national teams.

Overall, it becomes clear that FK Austria Vienna faces both financial and sporting challenges. The upcoming decisions, in particular stadium sales and the possible takeover of the shares, could be decisive for the future of the association.