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http://www.rwo-online.de/mediencente....php?news=5255
(Google will translate)
The following article quotes Rotweiss Oberhausen's chairman Hartmut Gieske
as to the financial hits of being relegated. It appears RWO must raise at least another 300,000 euros just to be able to field a third-division team next year. RWO will lose over 3.2 million euros in TV revenue alone.
The German FA (DFB) audits the finances of all professional clubs before granting them a license. DFB conducts the audits during the summer and again during the winter break.
RWO is in such dire financial shape that budgets have been slashed dramatically. My friend in Oberhausen wonders if RWO can field a team at all.
Here are RWO's changes in budget, in euros:
Overall budget: 8.9 million to 4.3 million
First Team: 3.7 million to 1.7 million (Note: My friend says DFB asked RWO to raise the budget to 2 million)
Income From TV : 4 million to 765,000
(Google will translate)
The following article quotes Rotweiss Oberhausen's chairman Hartmut Gieske
as to the financial hits of being relegated. It appears RWO must raise at least another 300,000 euros just to be able to field a third-division team next year. RWO will lose over 3.2 million euros in TV revenue alone.
The German FA (DFB) audits the finances of all professional clubs before granting them a license. DFB conducts the audits during the summer and again during the winter break.
RWO is in such dire financial shape that budgets have been slashed dramatically. My friend in Oberhausen wonders if RWO can field a team at all.
Here are RWO's changes in budget, in euros:
Overall budget: 8.9 million to 4.3 million
First Team: 3.7 million to 1.7 million (Note: My friend says DFB asked RWO to raise the budget to 2 million)
Income From TV : 4 million to 765,000