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German government may bail out clubs caught in TV crisis.
From:
The Evening Standard (London, England)
| Date:
April 4, 2002
| COPYRIGHT 2002 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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THE German government is considering setting up a [pound]120 million emergency fund to bail out any of the country's football clubs hit by the financial crisis at media group Kirch.
With Football League clubs here waiting to find out whether ITV Digital's move into administration will lead to the collapse of their [pound]315m deal with the broadcaster, the German government's move could incr...