Not only is Borussia Dortmund having a disastrous season on the pitch, but Germany's second-richest club is also facing financial trouble. \nOn Monday, the respected soccer magazine Kicker and the daily Suedduetsche Zeitung reported that Dortmund -- dumped out of the Champions League in the qualifying phase by FC Brugge and then eliminated from the UEFA Cup -- faces a illion (US$62 million) operating loss this season. \n"That we're expecting losses and that we're seeking a loan is correct. The sums named are incorrect," Dortmund manager Michael Meier told the German newspaper Bild. \nLast season, the club earned US$42 million) for playing in the Champions League second round, more than AC Milan collected through its run to the title because of German television money. \nHowever, Meier said the German magazine and newspaper were wrong in saying Dortmund was seeking a loan to fill holes in its budget. The side, he said, wants money to invest. \n"It's a clear misjudgment to connect a financier's offer with a lack of income. Our credit worthiness is carelessly and willfully put in question that way," Meier said. \nDortmund is dealing with British-US investment house Schechter & Co, which has already put n (US$93 million) into Bundesliga rival FC Schalke in exchange for a long-term share of attendance receipts. \nDortmund, the reports said, is seeking euros (US$124 million) against revenue from its Westfalenstadion -- Germany's largest arena, with 80,000 seats. \nMeier said Dortmund wasn't in serious financial trouble. \n"It's normal for a business that finds itself economically in a tight time to take on a loan," he said. \nWhile some Spanish, English and Italian clubs have debts far exceeding S$62 million), that would be a huge amount for tightly regulated German soccer. \nLast season, FC Kaiserslautern teetered on the verge of bankruptcy and had to scramble for refinancing on debts.
Uncertainty grips next year’s postponed Tokyo Olympic Games: Will there be fans or empty stadiums in 14 months? How will thousands of athletes, staff members and technical officials travel, be housed and stay safe amid the COVID-19 pandemic? And the Tokyo Games are not the only event. China, where COVID-19 was first detected, is to hold three mega-sports events in the year after the Tokyo Olympics are set to close. The World University Games in Chengdu, China, are to open, with up to 8,000 athletes, only 10 days after the Tokyo Games close. Next come the Beijing Winter Olympics beginning on Feb. 4, 2022,
PANDEMIC HYGIENE: Players had their temperatures checked, carried their own equipment and towels, and tapped rackets to congratulate the match winners Alison Riske and Danielle Collins of the US and Australia’s Ajla Tomljanovic were among the winners on Friday, the opening day of a women’s tennis mini-tournament in Florida that offered professional players an opportunity to play amid the COVID-19 pandemic. The WTA women’s tennis tour canceled four more events this week and is not to resume until at least July 20. However, four women ranked in the top 60 in the world turned out for the UTR Pro Match Series event in Palm Beach, which followed a similar event for men two weeks ago. World No. 51 Collins toppled 28th-ranked compatriot Amanda Anisimova
The Rakuten Monkeys remained atop the CPBL table, despite a 5-7 loss to the Uni-President Lions in Taoyuan yesterday, while the CTBC Brothers fell to the Fubon Guardians at the Taichung Intercontinental Stadium. The visiting Guardians blasted three home runs in their 7-3 triumph, helping Dominican pitcher Henry Sosa pocket his second win of the season. Improving his record to 2-2, Sosa sailed through seven innings, allowing six hits while striking out five. He gave up one earned run in the opening frame, with two Brothers relievers mopping up the final two innings. Fubon’s marquee stars, designated hitter Hu Chin-lung and first baseman
A sudden shortage of locks in Australian rugby union has opened the door for Matt Philip to reclaim his Wallabies jersey, but the Melbourne Rebels player says that the uncertainties wrought by the COVID-19 pandemic have left him with a difficult choice. The Australian yesterday named Philip among 16 Rebels players either set to leave the Super Rugby club or seriously considering it, underscoring the challenge Rugby Australia faces to retain talent. Linked with a move to Section Paloise Bearn Pyrenees, commonly referred to as Pau, in France’s Top 14, Philip said that he had yet to settle his playing future, and