HomeSportsRB Leipzig get financial boost with 100-million-euro debt relief

RB Leipzig get financial boost with 100-million-euro debt relief

RB Leipzig have been given a huge financial boost by backer Red Bull in the form of debt relief tallying 100 million euros (113 million dollars) for the 2018/2019 financial year.

“At first glance it looks like there is no return for Red Bull’s move —– but that’s not the case,” RB Leipzig finance director Florian Hopp told dpa on Saturday.

“It is a transaction that is completely common, especially in the private sector but also in the football industry and also in the Bundesliga.’’

Hopp said it was not a donation and Red Bull would be entitled to a preferential dividend.

He admitted it was a good financial move for the club in the coronavirus crisis.

But Hopp pointed out that any perception RB Leipzig suddenly had 100 million euros more in their account was wrong.

RB Leipzig have surged through the German lower leagues to become a regular contender at the top of the Bundesliga, thanks to the backing of Red Bull founder Dietrich Mateschitz.

“Increasing salaries and improving infrastructure made the deal necessary,’’ said Hopp.

- Advertisement -

Must Read

Related News