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3. Liga club Kaiserslautern to file for insolvency

3. Liga club 1. FC Kaiserslautern will file for insolvency after amounting debts of around €24 million, made worse following the coronavirus pandemic, according to several reports.

€15 million is needed to play in the 3. Liga next season with a media briefing expected on Monday. As Kicker point out, it’s a unique opportunity for Kaiserslautern to start over.

Per the report, creditors are only ready to defer the loan by one year, which gives the 3. Liga club a chance to raise funds. Because of the pandemic, Kaiserslautern won’t face a nine-point deduction. 

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