Bundesliga: Top German clubs come forward to help ‘financially affected‘ smaller clubs
XtraTime Web Desk: German giants Bayern Munich, Borussia Dortmund, RB Leipzig and Bayer Leverkusen have vowed to make €20million available to support Bundesliga and 2.Bundesliga clubs struggling financially due to the coronavirus pandemic.
The German football season is on hold at least until April 30 due to the spread of COVID-19, which has infected almost 40,000 people in Germany – the third most-affected European nation.
Suspension of the campaign is set to have major consequences on the finances of many clubs, with the situation forcing some to implement salary cuts or similar measures.
Players of Bundesliga side Union Berlin are waiving their salaries to aid the wider business, but a new approach from Germany’s four Champions League sides should help alleviate the strain on many teams in the top two divisions.
A statement released on Thursday by the German Football League (DFL) confirmed the €20m support fund will be created by the four clubs initially foregoing “their share of the undistributed national media revenue of the DFL in the coming season”.