"Only spend the money you have": Borussia Monchengladbach count on financial prudence to navigate through pandemic
10 January 2021
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.
When income streams dry up, a healthy equity position is important to quench the thirstiest of thirsts. During the still ongoing pandemic that has become particularly obvious in football where so many are dependent on weekly admittance of spectators to meet their short-term financial obligations.
That's why Borussia Monchengladbach take pride in their equity which has taken almost two decades of financial prudence and restraint to establish. It currently sits at around €100 million, much to the satisfaction of the club's head of administration, Michael Plum.
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