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Uli Hoeness: Bayern saved Dortmund from bankruptcy with 2 million euro loan
When the Ruhr club was on the brink in 2003, die Roten elected to help their rivals rather than see them go under, the FCB chief revealed. His claims were later confirmed by BVB
Feb 6, 2012 8:41:00 AM
By Enis Koylu
Bongarts
Bayern Munich president Uli Hoeness has revealed that his club gave Borussia Dortmund a loan when the Signal Iduna Park side was on the verge of bankruptcy.
The Ruhr area side was staring into the abyss in 2003, but rather than see their rivals go under, Hoeness decided to loan them money in order to help with its crippling debts.
"When they [Dortmund] were aware that they could no longer pay their salaries, we gave them €2 million without collateral for a few months," the 60-year-old told fans in Hamburg.
When questioned about the loan, current Borussia Dortmund CEO Hans-Joachim Watzke confirmed that the Bavarians had indeed helped his club out with their crisis.
"Yes, I can confirm a loan," he told Ruhr Nachrichten.
Bayern has in the past also given financial aid to local rivals 1860 Munich, as well as St Pauli.
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The Ruhr area side was staring into the abyss in 2003, but rather than see their rivals go under, Hoeness decided to loan them money in order to help with its crippling debts.
"When they [Dortmund] were aware that they could no longer pay their salaries, we gave them €2 million without collateral for a few months," the 60-year-old told fans in Hamburg.
When questioned about the loan, current Borussia Dortmund CEO Hans-Joachim Watzke confirmed that the Bavarians had indeed helped his club out with their crisis.
"Yes, I can confirm a loan," he told Ruhr Nachrichten.
Bayern has in the past also given financial aid to local rivals 1860 Munich, as well as St Pauli.
Follow GOAL.COM USA on
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