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Bundesliga cracks down on insolvent clubs
Austria - 10 July, 2007
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The Austrian Bundesliga has made a series of changes to the way clubs are governed.
One of the biggest concerns to the league is bankruptcy hearings, and the league has taken steps to end that by relegating clubs that have insolvency hearings against them. A cut-off date of 15 March has been set so that a club in the midst of bankruptcy proceedings will be automatically relegated, according to uefa.com.
One of the biggest concerns to the league is bankruptcy hearings, and the league has taken steps to end that by relegating clubs that have insolvency hearings against them. A cut-off date of 15 March has been set so that a club in the midst of bankruptcy proceedings will be automatically relegated, according to uefa.com.
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