3. Liga club Kaiserslautern to file for insolvency

Get German Football News

·14 June 2020

3. Liga club Kaiserslautern to file for insolvency

3. Liga club 1. FC Kaiserslautern will file for insolvency after amounting debts of around €24 million, made worse following the coronavirus pandemic, according to several reports.

€15 million is needed to play in the 3. Liga next season with a media briefing expected on Monday. As Kicker point out, it’s a unique opportunity for Kaiserslautern to start over.

OneFootball Videos

Per the report, creditors are only ready to defer the loan by one year, which gives the 3. Liga club a chance to raise funds. Because of the pandemic, Kaiserslautern won’t face a nine-point deduction.