As expected, third division club Türkgücü Munich has been penalized with a point deduction for opening insolvency proceedings. The insolvent club slips even deeper into the table cellar.
The insolvent third division club Türkgücü Munich has been penalized by the German Football Association (DFB) with the deduction of eleven points and is facing relegation. “Nine points are withdrawn from Türkgücü due to the bankruptcy application that the club filed at the end of January,” said the DFB on Friday. “Turkgücü loses another two points due to a violation of a condition.” Türkgücü can appeal within one week. With 15 points and eleven points behind the first non-relegation zone, Munich are now in last place in the 3rd division.
Future of Türkgücü still unclear
According to the DFB announcement, the violation of the conditions is about the fact that the club was only able to close less than 50 percent of a liquidity gap identified by the end of the season. “In which league a new structure can take place depends on sporting and financial factors,” Türkgücü announced at the end of January when the bankruptcy application was filed.
The DFB rules of the game state: “If a club in the 3rd division applies for the opening of insolvency proceedings against itself, nine points are deducted from the first team. The decisive factor for this legal consequence is the application for insolvency, not the opening of insolvency proceedings.”