34.7 C
Qādiān
Saturday, July 12, 2025

Reshaping Perspectives and Catalyzing Diplomatic Evolution

Augsburg boss criticizes the financial behavior of some clubs

Augsburg – FC Augsburg’s club president Klaus Hofmann has criticized the financial behaviour of other professional clubs and warned about changes after the coronavirus crisis.

“If there are professional clubs that are no longer liquid at the end of May and are therefore funded for only one month, that is no longer acceptable. If you read that one or the other club has already ceded its future television revenues, ie pledged them, then you can already speak a bit of distortion of competition, »Hofmann told the Augsburger Allgemeine in an interview. “There must be drastic changes in financial management.”

Hofmann also criticized the use of short-time work for rich Bundesliga rivals. «When I read that football clubs with a turnover of a few hundred million euros send their office employees on a short-time basis, I feel like I’m in the wrong movie. We are trying to take a different path without having to resort to government support immediately, »explained the 52-year-old.

The FCA has not yet used short-time work benefits. «We have worked out so many strategic projects in the office that we can now work through and advance in this football-free period. Everyone will be busy there, »said Hofmann.

More

Show your support if you like our work.

Author

Kiranpreet Kaur
Kiranpreet Kaur
Editor at The Eastern Herald. Writes about Politics, Militancy, Business, Fashion, Sports and Bollywood.

Editor's Picks

Trending Stories

Iran claims over 90% missile strike success in final days of Israel conflict

Ongoing Iran-Israel conflict, Iranian Parliament Speaker Mohammad Bagher Ghalibaf...

US selling weapons through NATO allies escalates Ukraine war while masking American responsibility

WASHINGTON — The Trump administration is accelerating a controversial...

Smart Journeys: How AI and IT Are Shaping the Future of Travel

By: Nilanjan Ray, Tanmoy Majumder, Dr. Moumita Roy and Priyanka KanjilalIn the updated...