The 50+1 rule still allows clubs to be run by professional boards of directors. There is absolutely no reason why the professional board at Schalke couldn't have made better decisions. It's a failure of business management for sure, but one driven by failures in the boardroom.What a cock up really, I can't help but think the 50 plus 1 rule hurts some German Clubs as people get involved/decisions made based on fan style gambles done out of passion rather than Business sense.
Schalke have announced their future financial plans as the Bundesliga club aspires to be a dominant force not only in Germany, but the world. Schalke 04's...www.90min.com
Oh aye I know that but this is happening with a lot of Clubs over there and many have admitted the wrong people with the wrong ideas were voted for with hindsight.The 50+1 rule still allows clubs to be run by professional boards of directors. There is absolutely no reason why the professional board at Schalke couldn't have made better decisions. It's a failure of business management for sure, but one driven by failures in the boardroom.
Transfers don't seem to be excessive, although there was one year that they had a net transfer imalance of about £35million. Average around 60,000 fans per home game. Almost certainly going to be down to wages spent trying to remain title challengers and the cumulative effect or years of transfer imbalances.
I'd suggest that much like Murray at Ibrox, the Schalke fans were never given a proper picture of club finances. No fans would willingly see their club accumulate that amount of debt, no matter how ambitious they were.
There was they watched as we got ripped apart by media mp's & the scottish football supporters, & didn't intervene & allowed us to be dumped into the abyss of the lower league's & watch millions of pounds slip out of football, & god knows how much money was lost to businesses & communities, but the fans got what the fans wanted , empty stadiums, NEVER FORGET OR FORGIVE BEARS .
Worth reading the English Twitter feed for it.They have a Press Conference this morning at 1130.