When it becomes expensive to be a fan

Here fans could still go to the stadiums: supporters of 1. FC Kaiserslautern stretch their scarves
Picture: dpa

Numerous football clubs have issued bonds aimed at their own followers. The example of Kaiserslautern shows that this is dangerous.

SIn terms of port, things were still going smoothly for 1. FC Kaiserslautern. FCK won 2: 0 against Chemnitz FC on the weekend at home in Betzenberg, saying goodbye to the secured midfield and seemed to be able to plan third league calmly with another year. At the same time a success and yet a humiliation for the club, which in 1998 was still a German league champion. But the sporting was overshadowed by the application for the opening of insolvency proceedings under self-administration, which was filed on Monday. And the Lauterer promptly lost to the W├╝rzburg Kickers on Tuesday.

The FCK’s creditors now include numerous fans in the bankruptcy proceedings, who signed a fan bond in 2019 for around three million euros. At that time the motto was “Your support for the future of FCK”. 5 percent of interest was promised each year. But the money should be gone at least for the most part, even if the construction is somewhat complex.


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