In the near future, Kaiserslautern will be declared as a bankrupt, reports Kicker.
The club, which celebrated its 120th anniversary on June 2, became the champion of Germany 4 times (1951, 1953, 1991 and 1998), won the German Cup 2 times (1990 and 1996) and 1 time – the German Super Cup (1991).
There was an opportunity to postpone payments for a year, but, due to the deplorable state of the club’s finances, even more shaken in the conditions of the coronavirus pandemic, the Kaiserslautern decided not to suffer another 12 months, but to start from scratch.
The club, now playing in the third division of the German championship, could not agree with the three main creditors, to whom they owe about 15 million euros.
The total debt of the “devils” is currently 20 million euros.
