Bundesliga top four donate 20 million euros to help other clubs in Germany
By Tushar Bahl
The top four clubs in the Bundesliga have pulled together to contribute a total of 20 million euros to help struggling clubs in the top two leagues of German football.
The four clubs from the Bundesliga who qualified for the Champions League last season; Borussia Dortmund, Bayern Munich, RB Leipzig and Bayer Leverkusen will be giving up their television rights money in order to help clubs that have been hit by financial difficulties due to the coronavirus pandemic.
The representatives of all four clubs met last week to discuss the idea and how they would make it work. They have decided forgo their share of the undistributed media revenue of the DFL in the coming season, which amounts to a figure in the range of 12.5 million euros. The four clubs will add an additional 7.5 million euros from their own resources to form a “solidarity pot”.
Borussia Dortmund released a statement today announcing the decision, and the DFL Presidium will make the decision on how the 20 million euros will be distributed among the clubs.
"Borussia Dortmund CEO Hans Joachim Watzke said, “We have always said that we will show solidarity when clubs, through no fault of their own, get into an imbalance as a result of this absolutely exceptional situation that they can no longer control on their own. BVB is currently making a deep impact on society through a variety of activities.”"
It is also being reported that the DFL has created a reserve of 45 million euros, which could be used to help some of the clubs cover the significant losses they are experiencing.
The Borussia Dortmund players will also forgo 20 per cent of their wages in order to help pay the club’s employees.
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It was revealed by DFL earlier this week that the Bundesliga suspension will last at least until the end of April. The tender for the media rights has also been postponed, but both the DFL and the clubs remain committed to finishing the season by the end of June, if the situation permits them to do so.