KFC Uerdingen files for bankruptcy

The former Bundesliga soccer team KFC Uerdingen filed for bankruptcy at the Krefeld district court on Tuesday. The Krefeld company announced this in a press release.

This step was inevitable “after a committed loan, which was an important component of many in the seasonal planning, was not made available at short notice,” said the club. Despite the precarious financial situation and the insolvency proceedings, the board is planning to continue playing in the regional league. Christoph Niering was appointed as preliminary insolvency administrator.

Uerdingen had not received a license for the 3rd division due to the precarious economic situation, the club is still fighting for survival. The 1985 DFB Cup winner had still managed to stay in the class on the last matchday of the third division of the previous season.

“Serving the creditors cannot be represented”

“We now have the opportunity to finally rid KFC Uerdingen of all contaminated sites that have been left behind,” said chairman Damien Raths. The club tried everything up to the last minute to “avoid this step, since insolvency proceedings are of course also associated with imponderables”.

The club sees in its budget planning, which is based among other things on conservatively calculated ticket income, the possibility of being able to finance the game operations in the Regionalliga West.

“A parallel servicing of the creditors cannot be represented to the extent currently required from the available funds, however,” emphasized the club. However, the KFC has to calculate with a point deduction of nine points.

An attempt will be made to send a team onto the pitch “which, even under these circumstances, has the opportunity to keep the class in the regional league,” said Raths. However, the club is dependent on support from fans and sponsors. First talks had been held. “However, due to the past, there is great skepticism among many participants, as the discussions have shown,” said the club boss.

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