Magath relaxed about financial situation
28.08.2009
Director of sport Felix Magath shrugged off media reports on the club's financial situation on Thursday, saying: "In my view the figures are nothing new. I'm surprised it's supposed to be such a big issue.
The club gave me a detailed briefing on the financial situation before I agreed to come here. Everyone knows we don't have that much money, which is why we have to be more careful when making investments." Magath consciously declined to go into detail at the press conference ahead of the home clash with SC Freiburg. "Contrary to common opinion I'm not responsible for everything that happens at FC Schalke 04. I don't consider myself to be a business expert. It’s not my field", he explained.
Magath said he could not understand the parallels being drawn by the media to the financial position Borussia Dortmund found themselves in a few years ago. "It's a completely unsound comparison. Dortmund were already on the stock exchange and had thus used up all their options. Even though we don't have money to burn at the moment, we do have a number of assets on our side, such as the stadium and the marketing rights. So I'm not overly worried about the situation. The home game against SC Freiburg is giving me more grey hair than anything else."
