FFootball club Borussia Mönchengladbach must resume the search for a coach. Favorite Lucien Favre canceled his former club abruptly. This was announced by sporting director Roland Verkus at the general meeting of Borussia on Monday evening when asked by one of the members. “You can be sure we did everything for it. He told us he had a diamond in his heart but didn’t want to work in Germany again,” Ferkus, who previously asked for patience when it came to training in his annual report, told us.
“I don’t want to hold back the euphoria. But we haven’t made good decisions in the past,” Ferkus said. “Unfortunately, I can’t tell you more about that.” Favre’s commitment as successor to Addie Hutter, who was on vacation, was almost certain. Official confirmation was delayed. Ferkus said nothing about the reasons for the cancellation.
The 64-year-old Swiss Favre had already worked with Gladbach between 2011 and 2015, initially saving the club from relegation in the first division and later leading them to the Champions League. Favre has been without a club since his leave of absence from Borussia Dortmund at the end of 2020. According to Ferkus, Borussia had “various conversations with several candidates” after Hutter’s split. “We are now going to push this and we want to do it as quickly as possible. But it is necessary to make a very good decision here.”
Financially, too, there was bad news for the members. For the second time in a row, Borussia recorded a double million loss. And in the last fiscal year 2021, the loss amounted to 14.6 million euros, mainly due to Corona. In fiscal year 2020, the pandemic has already caused a good loss of 16.7 million euros. “In comparison to the league given the size of our club, this is a very respectable result despite everything,” said Chief Financial Officer Stefan Schippers. As a result of the losses, the equity capital has shrunk from more than 100 million euros to only about 72 million euros in the past two years.
According to Schippers, new economic paths such as strategic partnerships are thus being discussed. “You have to be open to everything. But everything in its time. Everything has to fit,” Schippers said on the sidelines of the event, but he ruled out the IPO: “There is no IPO at home.” We also have to see how Dortmund is a traditional club, we are a traditional club – and yet Borussia Dortmund is listed on the stock exchange.”