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Renovation of Arminia with future ambitions
A year after the looming bankruptcy, the second division, Arminia Bielefeld, is released from the burden of debt threatening its existence by more than 26.5 million euros. Stadium sales and corporate engagement in the region are important factors. At the same time, the club and the donors are clearly committed to taking ownership of the club.
Sold: The Schüco Arena, where Arminia Bielefeld will be the general tenant.
As a continuation of this year's Annual General Meeting, Arminia Bielefeld will present a message that will illuminate the faces of members and fans alike. The second division has managed this year to complete the restructuring that began last winter and is now "free of net debt" and even with slightly positive equity in the operation of the game.
Sale of Schüco Arena finalized
The preconditions for the success of the restructuring included debt restructuring agreements with private and institutional creditors, agreements with the city of Bielefeld and the creation of "Alliance Ostwestfalen", an badociation of important companies in the region supporting the club. The most important factor is the now final sale of the Schüco Arena for an undisclosed amount, which allows the repayment of the remaining debts of all creditors.
Long-term lease and redemption right
The "Bündnis Alm GmbH", buyer of the club stadium, has again half of the four individuals incorporated into companies, the remaining 50% owning six companies belonging to the Alliance Ostwestfalen in the region. Arminia's general rental agreement, with which Arminia will secure its place in the stadium, lasts more than 15 years and can be extended twice in five years. In addition, the club has a right of redemption.
"It is a representation of interests that does not exist a second time in Germany. This is the Westphalian answer to the 50 + 1 debate."Arminia Managing Director Markus Rejek
"The alliance is not just a financial lifeline," says Markus Rejek, CEO of Arminia, about the completed development. "It's a plea that does not exist a second time in Germany, it's the West-Westphalian answer to the 50 + 1 debate." With typical impudence, seriousness and sustainability for the country, the problems have been solved and solved in recent months.
Affirms using the economic commitment to influence sports interests, said Dr. Neg. Maurice Eschweiler of the company "DMG MORI" as spokesman of the Alliance. "This discussion was essentially over after a sentence," said Rejek. "It is clear to all companies that the 50 + 1 rule is an important badet in Germany, and everyone is known for the culture of German football and the preservation of the club's structure."
Licensing procedure without depressing feelings
In addition, the commitment of companies should not be understood as a rain of money, which will clog future financial holes. The sporting ambition, on the one hand, to achieve sports success at a higher level, to be at least a stable member of the second division in the medium term. First and foremost, the infrastructure of the badociation should be improved. "For example, with regard to the training conditions for professionals and for the junior performance center," said Hans-Jürgen Laufer, president of eV. For the first time in a long time, he will not feel depressed for him and his colleagues next spring with regard to upcoming licensing procedures. "Everything went from one day to the next." Even in case of new relegation to the third league, the club claims to be well equipped, thanks to the new possibilities, to avoid the existential difficulties.
Michael Richter
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