Coronavirus: Worried Schalke CFO says club have the strength to get back on their feet again
16 April 2020
Despite growing their commercial business, the club have realised little is left without football, according to their chief financial officer.
Schalke made a pre-tax loss of €23 million last season and have put player transfers and contract extensions on hold.
As many other clubs, Schalke are suffering because of the coronavirus pandemic, which has put financial strains on most parts of society, but the club have the strength to get back on their feet again, according to their chief financial officer, Peter Peters.
The club, which made a pre-tax loss of €23 million last season, have put player transfers and contract extensions on hold as they fight to keep down costs to stave off financial disaster.
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