Schalke04

Schalke admit to needing 'massive savings' to survive

01-Jul-2020 14:22:00 | Yahoo Sports

Following the resignation of their billionaire backer, cash-strapped Bundesliga club Schalke admitted Wednesday they must make "massive savings" in order to survive after their struggling finances were further hit by the coronavirus pandemic. Jobst insists "massive savings" must be made, the "stop button" has been pressed in many areas of the club's finances and Schalke's "sporting goals" must be adjusted in the coming seasons. "In the past months, Schalke 04 has presented a miserable public image," he said, apologising for "mistakes we made which must not happen again in the future".