Football live match video The richest province in Germany saved Schalke 04

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One of the most popular clubs in German football - Schalke 04, which is experiencing serious financial problems, confirmed that it has received a financial guarantee from the district administration of North Rhine-Westphalia. No further details were given in the brief statement, but Schalke said it was `aware of the responsibility associated with this guarantee`. North Rhine-Westphalia is one of the sixteen federal states of Germany, with the most inhabitants - 17. 845 million and the best-developed economy - contributing 22% of the country`s GDP. The club from Gelsenkirchen announced debts worth 197 million euros in its report for the fiscal year 2019. The Blues lost a lot of money due to the coronavirus pandemic and the interruption of the German championship. After 16 consecutive games without a win, Schalke failed to qualify for the Europa League next season.









The German Ministry of Finance also confirmed the guarantee for Schalke and stated that the club is not treated differently than other sports teams in the area. Schalke`s management is adamant that the aid they received was not used to pay the players` salaries. The club prediction by contact live football management will impose a limit on the remuneration of its new players. The highest annual salary of a footballer in Schalke will be 2, 5 million euros.

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