The protection fund of the League Association and a 1, 2-million euro cash injection to maintain the strong abstiegsbedrohten football second division club Arminia Bielefeld before the collapse.
Before the collapse, Bielefeld (SID) - the Security Fund of the League Association and a 1, 2-million euro cash injection to maintain the strong abstiegsbedrohten football second division club Arminia Bielefeld. The east Westphalian tradition Club applied for a loan this according to your own. "To the short-term liquidity squeeze" at the Arminia to be eliminated. Arminia has informed all 35 clubs and corporations of the two license leagues about this step. The German Football League (DFL) confirmed the request.
The use of protection fund in the amount of two scheduled monthly payments requires the consent of the Board of the League and has an immediate deduction of up to three points in this season the result. Thus, the descent of ex Club should be sealed. The League Board will decide at its next meeting on Monday (April 18) on the application.
The loan is to pay interest at 5 percent per annum, a refund must be no later than at the beginning of the next participation in the licensing procedure of the DFL for the 2nd Bundesliga with the DSC.
"A more short-term load of our existing partners was not reasonable." "Together with our banks, private loan donors and partners are we go further now based on the securing of liquidity the successful way of refinancing and consolidation of the Club", Arminia President Wolfgang Brinkmann said in a press statement.
The Arminia was announced by that the suspension of the current line in the current licensing period two weeks ago a fundamental building block is been taken by the Club to secure the liquidity requirements to 30 June 2011.
The protection fund aims to bridge liquidity so as to endanger the operation of the game in the interest of all license clubs not in the short term. The height of the point deduction depends on the amount of money that is obtained from the protection fund, and is three points.