Vienna takes over Generali-Arena: A new way for sport in the city!

Vienna takes over Generali-Arena: A new way for sport in the city!

Generali Arena, 1040 Wien, Österreich - The city of Vienna plans the purchase of the Austria Stadium, a decision that yesterday made a broad approval in the state Sports council. As announced by the Sportstadt City Councilor Peter Hacker (SPÖ) office, Austria fans will have to pay a lease interest of 1.4 million euros annually. This lease will replace the existing building law contract and should be decided on April 23 in the Vienna municipal council. The Generali Arena remains in the company of FK Austria Vienna AG, which is still responsible for management. At the same time, the city receives a control right through the MA 51 (Sport Wien), which is intended to ensure multifunctional use, such as reported.

The takeover is a reaction to the financial challenges with which the association is faced. Austria's liabilities amount to over 59 million euros, which increases the pressure on the city to invest in its club. Hacker emphasized that the stadium was of great importance not only for Austria, but also for the entire city. In addition to the regular home games of Austria, the starting of ÖFB national team games, cup final games and events of other sports are planned, which speaks for a broader use of the arena.

economic support for Austria

The city of Vienna also produces a valuable infrastructure for sport in the long term. City Councilor Hacker made it clear: "The Austria Stadium is one of the most important sports facilities in the city." This announcement comes at the right time, since the city wants to create training and event rooms not only for Austria, but also for other Viennese football clubs. With the planned takeover, the Viennese authorities show their support for the difficult to indebted traditional association and offer the chance of an economic improvement, which also contributes to securing fan seats. The conversations between the city and the association have already provided positive results that, according to Hacker, amount to a "win-win situation", for example by the future processing of additional events in the Generali Arena