VfB Stuttgart probably rejected a deal worth 100 million euros

VfB Stuttgart has probably rejected a deal worth 100 million euros. That reports the image.

Accordingly, still sports director Thomas Hitzlsperger canceled the deal before it was concluded via SMS.

The Bavarian financial investor Bregal had apparently offered 40 million euros for 11.75 percent of the shares in the club and also promised a loan of 60 million euros for other projects such as the stadium renovation.

On April 30, those responsible for VfB and the finance company are said to have already signed a written letter of intent, but a few days later, the report said Hitzlsperger rejected it due to excessively high interest rates.

The VfB is economically badly shaken by the corona pandemic. As a result of the pandemic alone, the debts grew to 50 million euros, and sponsorship funds are also short of another 40 million euros. In addition, two loans in the amount of EUR 49.5 million have to be paid off.