Frankfurt's chief financial officer, Hellmann criticized RB Leipzig | football

Frankfurt/Main (dpa) - Eintracht Frankfurt's Executive Board member Axel Hellmann has criticized the financial policy of a Bundesliga rivals RB Leipzig in focu

Frankfurt's chief financial officer, Hellmann criticized RB Leipzig | football

Frankfurt/Main (dpa) - Eintracht Frankfurt's Executive Board member Axel Hellmann has criticized the financial policy of a Bundesliga rivals RB Leipzig in focus.

"The business model of RB Leipzig is highly deficient and the sporting success of 'on Pump' built in," said the financial expert of the "Kicker". The Saxons had confirmed last week that they have been strengthened by a debt of 100 million euros for the financial year 2018/2019, thanks to their sponsor Red Bull your equity.

The conversion, while not unobjectionable, said Hellmann. "The happy story told, it was the contributions of the RB group is allowed to invest in a viable business model for a Stand now - as a Good-night story are referred to," he said, however. "In this respect, the RB model is not different from the other European Clubs dedicated state Fund." The aim of the Leipzig, it was obvious, to create for the future "space" for further borrowing in order to own a sporty competitive position on a national and international level".

RB-financial Director Florian Hopp, had described the transaction as "completely usual in the private sector, but also in the business of football and also in the Bundesliga". Moral criticism of the business model is rejected Hopp. The 40-Year-old stressed that it was a gift of the donor. "Then gift tax would not apply, which is not the case. In addition, Red Bull gets to his loss of interest in the Form of a preferred dividend to offset," said Hopp. RB is because of the rapid rise under the umbrella of the company Red Bull a long time in the criticism.

"Kicker"report,

Updated Date: 15 June 2020, 20:34

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