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Dortmund's CEO Watzke pens contract extension

IANS  |  Berlin 

and have agreed on a contract extension, the football club announced.

Watzke, who took the reins in 2005, has put pen to paper on a new deal, which binds him to the eighth-time German champions until June 2022, according to an official statement released on Tuesday, reports

"The sporting and economical extremely successful development of since 2005 is inextricably linked to the work of and his Thomas Tress," the club's said.

and Rauball joined the club at the climax of Dortmund's financial crisis in 2005. Both, together with Thomas Tress, helped the club to avoid bankruptcy.

The "BVB" sit currently on the third place of the standings. went through a couple of ups and downs this season as the titleholders crashed out of the German Cup and

Besides, they lost their top striker after a long back and forth to Arsenal As of yet, they have not found an equivalent replacement.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 14 2018. 15:12 IST