"Only spend the money you have": Borussia Monchengladbach count on financial prudence to navigate through pandemic
PA Images | For the seventh year in a row, the club were recently awarded a certificate for their "excellent credit rating" by credit rating agency Creditreform as one of just 100 companies in Germany – out of 1.5 million active firms.
Michael Plum, the club's head of administration, tells offthepitch.com a solid equity position ensures Monchengladbach won't have to part with their best players to stable operations.
Even so, the Bundesliga club expect an about €20 million deficit for the season though disposing of Manchester City in the Champions League would be a major boost.
Having already agreed wage reductions with players and staff, further cost-saving is not expected in the short-term, though that could change if next season starts without supporters.
10 January 2021 - 11:44 AM
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