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Accompanied by sporting relegation concerns and financial problems of the parent company, the members of the third division soccer team 1. FC Kaiserslautern elected a new management team at the first virtual annual general meeting in the club's history.

Markus Merk, Rainer Keßler, Fritz Fuchs, Martin Weimer and Bernhard Koblischek will form the future supervisory board of the four-time German champions.

Previously, all members of the Management Board who were active in the 2019/20 financial year and most of the members of the old Supervisory Board were discharged.

Only Patrick Banf and Jochen Grotepaß were denied this.

The focus of the meeting on Friday evening, which lasted well over six hours, was primarily the financial difficulties of the registered association, which plagued around six million euros in liabilities after the successfully completed insolvency of the corporation.

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However, thanks to a loan of one million euros granted by Saar-Pfalz-Invest GmbH, the eV is economically secured for 2021.

The "Rheinpfalz" quotes the association that described this loan as "vital".

FCK threatens to crash into the regional league

The investors, who last year had acquired 33 percent of the shares in the corporation for around eleven million euros, are to receive two seats on the five-member advisory board instead of one seat as before.

A change in the statutes is necessary for this.

The sporting crisis of the FCK was also an issue.

13 games before the end of the season, the Fritz-Walter-Club threatens to crash into the regional league.

“We have our investors to thank that we can still play football at all.

We are still very confident that together with our new trainer Marco Antwerpen we will be able to stay in the league ”, said FCK managing director Soeren-Oliver Voigt.