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The Bundesliga soccer team 1. FC Köln is in a sporting crisis.

How big the financial is, becomes clear through a report of the "Handelsblatt".

As the medium reported, the FC is said to have demonstrated to the state.

Specifically, it is allegedly about financial support due to problems caused by the consequences of the corona pandemic, according to which there was talk of a guarantee of ten million euros.

The report bases this claim on the statements “several people entrusted with the matter”, according to which Cologne is said to have asked the Economic Stabilization Fund (WSF) which state aid would be possible.

This would make the club the first Bundesliga team to choose this path.

As the sources report, the association was on an internal WSF list of companies that had already signaled an interest in state aid.

But at Geißbockheim this was strictly denied.

"1. FC Köln has basically dealt with the instrument of the economic stabilization fund (WSF), but currently does not intend to submit an application," said the club to the Cologne tabloid "Express".

There are currently no fans in the Rhein-Energie-Stadion either

Source: POOL / AFP via Getty Images / LARS BARON

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As the newspaper further reports, the association itself should not have had any contact with the authorities and only allowed an independent financial service provider to present the possibility.

After that, according to the club, the topic was not dealt with any further, and no person authorized by Cologne had approached the state.

Country supported league competitors

FC Schalke 04 had received citizenship from the state of North Rhine-Westphalia of over 30 million euros in the summer.

Werder Bremen also received a loan thanks to a state guarantee.

1. FC Köln should also be referred to the country by the Federal Ministry of Economics.

Money that the billy goats need urgently.

Managing Director Alexander Wehrle said in an interview in autumn that the financial damage to the club due to the Corona crisis was more than 40 million euros for the past and current seasons.

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The WSF was launched by the federal government and is intended to help corporations and larger medium-sized companies that have economic problems due to the corona pandemic.

"With a total volume of up to 600 billion euros, it provides companies across all sectors with stabilization measures to strengthen their capital base and overcome liquidity bottlenecks," writes the Federal Ministry of Economics.

Companies with more than 249 employees and a turnover of more than 50 million euros are entitled to submit applications for help to the WSF.

Cologne gets a new striker

In order to avoid the financial and sporting horror scenario of relegation to the second division, the club struck again on the transfer market and signed a new striker for the relegation battle.

Cologne loaned Emmanuel Dennis from Belgian champions FC Brugge until the end of the season.

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Dennis is a fast player who can be used in the storm center and on the outside lanes, said managing director Horst Heldt.

The 23-year-old Nigerian has only appeared nine times this season.

He "missed a few games due to a family matter for which he traveled to his homeland in consultation with Bruges," a statement said.

According to various Cologne media, the costs for the Dennis deal will amount to around 1.2 million euros.

The rental fee of approximately one third of the costs should only be due in the event of non-descent.

Money, which the FC would be only too happy to transfer to Bruges.