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Bremen (dpa) - Managing Director Frank Baumann does not consider the difficult financial situation at Werder Bremen to be a threat to its existence.
"No, it is not," said the 45-year-old NDR on Saturday.
The relegation-threatened Bundesliga soccer team also has major financial problems due to a lack of audience income in the Corona crisis.
In order to solve this, the North Germans are among other things issuing a medium-sized bond.
In its prospectus for the bond, which Werder will also be offering to private investors from May 17, in connection with the economic effects of the pandemic, there is talk of a significant continuation risk for the SV Werder Group.
In a first phase, the Bremen-based company had already received a double-digit million amount with the bond from institutional investors.
The total issue volume is up to 30 million euros.
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“We are optimistic that the bond will also be accepted accordingly in the second phase, and then we would have an important financing component that will not only enable us to obtain a license for the next season - regardless of whether it is first or second division - but also also ensures that we will have enough liquidity in the next season to be able to pay our bills and our salaries, ”said Baumann.
© dpa-infocom, dpa: 210515-99-607596 / 2
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