According to figures from the regional daily TZ, the Jordanian manager invested around 70 million euros during his six seasons at the helm of a team that never made it out of the Bundesliga. Ironically, the team was relegated in the season in which the owner invested the most money. Ismaik’s initial intention is to keep his shares, due to his “emotional attachment to the club”, but to hold back the investment until a solution to his problems with the 50+1 is found.
The Jordanian investor’s helplessness opened a debate. How effective is the 50+1 rule? The rule that was intended to protect German clubs from foreign investors using them as playthings passed Ismaik’s roadmap, and now the club was thrown into the Regionalliga. A debate that is otherwise recurrent in the Bundesliga’s day-to-day business. On the one hand, the 50+1 guarantees the relationship between the club and its fans. On the other hand, critics see it as an obsolete model, which is causing the championship to lose weight in the European concert and Bayern to dominate the league with an iron fist. Ismaik has even threatened to refer the decision to the Hague Court, as he considers the rule to be anti-competitive and “a farce, a rule that does not protect German soccer, but rather harms it”. It is, in any case, a debate with two seemingly irreconcilable positions.
A RETURN TO THE ORIGINS
The 1860 saw how in 2017/2018 they would play against those who were the rivals of their subsidiary the previous season. The contracts of most of the players lost their validity with the relegation, the youth team lost its place in the Regionalliga and the club’s battered finances were coupled with the virtual disappearance of the “TV money”.
It was time to get back on its feet. The Lions left the Allianz, which always seemed to be too big and too cold, to return to the old Grünwalder, which seats just over 12,000 spectators. Without the Jordanian money, the club had to cope with the added relegation debt of around 5.5 million euros. A debt made easier to deal with by the 26 million euros that Bayern paid to its neighbors for giving up its concession to rent the Allianz.