Management is severe due to prolonged interruption ... J. League can quickly raise funds 22:13 April 28
The J-League Soccer is a "commitment line" that allows banks to borrow money on a pre-determined basis from financial institutions at any time in order to quickly raise necessary funds amid the suspension of official games due to the new coronavirus. I made a written resolution to the setting of the board.
This is due to the fact that the J-League will be interrupted for a long time due to the suspension of official games, and it is expected that some clubs will be in a difficult management situation in the future.
The "commitment line" allows the company to borrow money at any time within the period and loan limits preset by the company and the financial institution.
The J League has not announced the contract period or amount, but it seems that it has set an annual budget of more than 20 billion yen, and is expected to conclude a contract with a financial institution in the future.
Chairman Mitsuru Murai of the J League commented, "We are negotiating with financial institutions so that we can raise sufficient funds when needed."
In the J.League, J1 Sagan Tosu has already faced a difficult business situation, including the announcement of the financial results for the last fiscal year, which exceeded 2 billion yen due to the withdrawal of a large sponsor on the 26th. It is recognized that some clubs will have difficulty financing in the fall if they cannot hold.