Uli Hoeness: Bayern saved Dortmund from bankruptcy with €2m loan

When the Ruhr club were 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
Bayern Munich president Uli Hoeness has revealed that his club gave Borussia Dortmund a loan when the Signal Iduna Park side were on the verge of bankruptcy.

The Ruhr area side were 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 their 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 have in the past also given financial aid to local rivals 1860 Munich, as well as St Pauli.