The second division leaders were again active in the bond market.
(Photo: dpa)
Dusseldorf Second division soccer club Schalke 04 has received fresh capital on the bond market. A five-year corporate bond brings a total of 31.6 million euros into the cash-strapped club coffers. Schalke announced this on Thursday morning.
Overall, the issue can be considered a success, the volume achieved is well above the internal target of ten to 15 million euros. “This very good result is a vote of confidence in the management,” said CFO Christina Rühl-Hamers to the Handelsblatt. The proceeds will be used to service a bond that is due to expire next year.
Investors earn interest of 5.5 percent per year with the new bond. You will receive a bonus if Schalke return to the first division in a timely manner after being relegated in summer 2020. The club is currently leading the second division table in a close sporting competition.
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