2024-12-01 23:55:08
Business

VfB Lübeck Triumphs Over Financial Crisis

VfB Lübeck, once a prominent name in football's second division, has narrowly escaped insolvency yet again. An external audit revealed a staggering budget deficit of one million euros, posing a significant threat to the club's future. Having faced insolvency in both 2008 and 2013, the urgency of the situation was palpable. This time, the community rallied together, showcasing unwavering support from fans and sponsors across Lübeck, Hamburg, and beyond. Their collective effort included generous donations and sponsorship contributions, highlighting the bond between the club and its supporters.

The club reached out for assistance on a Sunday evening, urging its fanbase and supporters to help raise the necessary funds. A remarkable gathering at their stadium for an Advent concert saw approximately 4,000 participants come together, contributing to the fundraising goal. The emotional atmosphere was filled with tears and determination as the community united to save their beloved club from the brink of collapse.

In light of this financial crisis, the club's spokesperson emphasized the need for transparency in addressing the underlying issues that led to this precarious situation. The successful fundraising efforts not only secured the immediate future of VfB Lübeck but also reinforced the importance of community and solidarity in the face of adversity. This episode serves as a powerful reminder of the resilience and passion that sports can inspire among its supporters.

gmx
1. Dezember 2024 um 17:23

Donations save the almost insolvent traditional club from Lübeck

Economy
Finance
VfB Lübeck, a former 2nd division football club and current regional league club, was once again on the verge of insolvency. An external audit had revealed a budget gap of one million euros. The third division relegated team had already had to file for insolvency in 2008 and 2013, but this time managed to avert the impending insolvency through donations from young and old, from Lübeck, Hamburg and all over Germany, as well as sponsorship funds and waivers. Tears, sweat and uncertainty characte..
n-tv.de
1. Dezember 2024 um 19:34

VfB Lübeck Avoids Insolvency: Regional League Club Raises One Million Euros - n-tv.de

Economy
Finance
VfB Lübeck, a regional league football club, was facing insolvency. Through donations and sponsorship funds, the club was able to raise the required sum of one million euros and avert the impending insolvency. The appointment with the district court had already been scheduled, but it could be canceled.
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