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Four German soccer clubs have pledged 20 million euros

Press Trust of India  |  Berlin 

Four German soccer clubs have pledged 20 million euros ($21.9 million) to support other teams struggling to stay afloat after games in the country were suspended because of the coronavirus outbreak.

Bayern Munich, Borussia Dortmund, Leipzig and Bayer Leverkusen will forgo 12.5 million euros ($13.7 million) in as-yet undistributed TV money and add another 7.5 million euros ($8.2 million) from their own funds. All four clubs played in the Champions League this season, giving them extra income.

The German Football League, which oversees the top two divisions, will decide how the money is distributed. The league has previously said it fears many clubs could face financial collapse if games can't resume.

Bayern CEO Karl-Heinz Rummenigge says in these difficult times, it's important that the stronger shoulders support the weaker shoulders.

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

First Published: Thu, March 26 2020. 20:42 IST
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