Print Edition - 2018-02-15  |  Sports Digest

Dortmund CEO inks new deal


Feb 15, 2018-

Hans-Joachim Watzke, who helped save Borussia Dortmund from bankruptcy in 2005 and put the Bundesliga club on the road to rude financial health, has extended his stay as chief executive until 2022, it was announced on Tuesday. Watzke, 58, has signed a four-year extension alongside Thomas Tress, Dortm-und’s chief financial officer. Alongside Tress and Rauball, Watzke, a trained lawyer, stepped in to help Dortmund secure loans in the face of massive debts in 2005. The trio rescued the club from the brink of bankruptcy after over-spending on players had drained the coffers. 

Published: 15-02-2018 10:23

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