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TurkGücü: Legal doubts about licensing

While the document present to the Liquidity Verification does not concern the Türkkücü insolvency, but a follow-up procedure from the insolvency application of the former third division red-white in March 2018 Erfurt. But in general, the judicial authority of the Liquidity Verification of the DFB, which all third divisionists must face no confidence before the season.

"The claim of the defendant, the DFB has confirmed the solvency of the inherent debtors (meant red-white Erfurt, d. Red.) Confirmed by licensing, I take note of it - but do not share them. I have already come to me more than a football club In which a game license has been granted but a proper review of the liquidity situation had led to a different result ", the responsible judge formulates in an order from January 2022.

In the end, this represents an eartief for the licensing procedure because it is specifically of the liquidity examination of expertise.

"Here comes the approval procedure to its limits"

The bankruptcies of the KFC Uerdingen 2021 and now from TurkGücü do not really refute this impression, completely on the contrary. Because after the pandem-related relaxations, the clubs since this season must actually prove back in advance that they can implement the playing time. What evidently in Munich was not the case, TurkGücü has given up playing a few days ago. You have to know that German bankruptcy law is designed for continuation and renovation of affected companies. An employed insolvency administrator has the mission to continue the operation - unless it is financially so close that it is damaged by creditor. The latter should have been the case with Turkgyücü.

So What's The Difference? Insolvency vs Bankruptcy vs Liquidation? Manuel Hartmann, in the association responsible for the 3rd league, relativized with a view to the economic vabanque game of the Munich: "Here the admission procedure comes to its limits, as the clubs of course conclude contracts with players and coaches independently. We can only be in progress Check compliance with the plan values, incorporate them in future reviews and sanctions sanction. That is consistently d1. " Hartmann spoke of a personnel expenses of three million euros from a personally stated before the season.

Two-million gap will be turquoise called

"That was a realistic size that has been incorporated into the confirmation of economic performance," quotes the association itself its managing director of DFB GmbH & Co. KG. The problem was that personnel expenses increased to five million euros and this two million gap has become a fatal to the club.

Three million euros of planned personnel expenses? That's low. In the Türkkücücü cader, privations like Sercan Sararer or Petar Sliskovic were already present before the season, which are top forces for a third division, which are likely to receive high salaries. In the summer, the Munich beat again correctly on the transfer market, Mergim Mavraj (158 Bundesliga Games), Törles Knoll (17 times Bundesliga), Tim Rieder (after all five times Bundesliga), Paterson Chato, Albion Vrenezi and Moritz Kuhn (together 137 -time 2. league).

Anyone who can realize salaries and advisory commissions would have to know on August 31, 2021 that three million euros will not be enough for this squad... Turk turgücü carries most of the blame for his early years, especially the role of wannabe patrons Kivran is highly doubtful. The question will also be what teaching the association for licensing moves from the big crash.

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