Friday, February 18, 2005

Tomas Rosicky likely sold to pay the bills at Dortmund

The Bundesliga's only club which is publicly-listed on the stock exchange is going to have to sell assets. Borussia Dortmund can’t pay the bills. That’s to the tune of 68 million or so Euros. It’s obviously going to take more than selling players to fix it, but unsettled 24-year-old Czech midfielder Tomas Rosicky has an opportunity to change leagues. He's a great player and will be snapped right up.

So Germany now has its own Leeds United. Cash problems are club killers, haven’t directors realized this? It’s a similar pattern: good club, long history, some good players, risky business, cash problems, suddenly everything starts to fall apart and shows up in the teams form.

Want a clearer example? This week Servette (115 years in Swiss top division) closed the doors. The club ran up debts after buying 21 players in the summer. Nice move.
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