Bundesliga - Schalke deny reports of financial problems

Eurosport - Thu, 01 Oct 16:42:00 2009

Bundesliga club Schalke have denied a newspaper report which said they were running out of money.

FOOTBALL 2009-2010 Bundesliga Schalke 04, Felix Magath - 0

The Financial Times Deutschland reported, citing unidentified sources, that three out of four accounts from which Schalke service their debts were empty.

Schalke said in a statement that all the accounts mentioned in the article were in credit, adding that all instalments had so far been paid on time.

Schalke, coached by Felix Magath (pictured) who led Wolfsburg to the title last season, are in fourth place in the standings and face Eintracht Frankfurt on Friday.

Reuters

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