1860 Munich, one of the Bundesliga’s founding teams, faces immediate financial problems after the club said that investors brought in to turn it around had provisionally pulled out. 1860 Munich, now playing in the second division, said its plan submitted to the German Fooball League (DFL) and which would have brought in a group of investors to bail the club out, was not approved by the DFL. The DFL said so far it had not rejected the plan but wanted to talk the club about its proposal.
1860 Munich, one of the Bundesliga’s founding teams, faces immediate financial problems after the club said that investors brought in to turn it around had provisionally pulled out. 1860 Munich, now playing in the second division, said its plan submitted to the German Fooball League (DFL) and which would have brought in a group of investors to bail the club out, was not approved by the DFL. The DFL said so far it had not rejected the plan but wanted to talk the club about its proposal. 1860 Munich were once the city’s biggest club, winning the Bundesliga in 1966, three years before their local rivals Bayern Munich won the title and began to be a dominant force in German football. Since 1860 Munich dropped down to the second division in 2004, they have had to sell their 50 per cent stake in the Allianz Arena in Munich to Bayern for €11m to meet their financial needs.