The Generali Arena in Vienna-Favoriten
Time is running out! Austria must submit further documents to the Bundesliga by April 21st in order to receive the license in the second attempt.
In the first instance, the league has refused the “violets” permission to play for the coming season. A hole of seven million euros is supposed to gape in the purple budget. According to last year's annual report, the club's liabilities are 78 million euros, and in the past season the Viennese posted a loss of 18.8 million euros.
Work is now underway on the distribution circuit in order to secure the license. There are two solutions for this: Either the millions have to be raised – probably unlikely – or a bank guarantee has to be found. This is now to be organized through a bank in Dubai.
In any case, on Friday one crisis meeting follows the next. The Supervisory Board and the Board of Directors meet. In addition, the wires to the Georgian investor Insignia are glowing. Boss Michael Surguladze is currently recovering from a serious corona illness and can now partially take over the fate of the lifestyle service provider again. Now the investor should also be ready to endeavor to obtain the license.
In addition, according to “Kurier”, individuals are ready to vouch for the bank guarantee. So the distribution circuit is again pulled together. Something that wasn't always the case in the past …
