New contract for the stadium: Eintracht Frankfurt and the clause for Corona

at the Bottom of the covered playing field of the world Cup Arena has been diligently working on the dropped down Video dice. And on top of the terrace on the f

New contract for the stadium: Eintracht Frankfurt and the clause for Corona

at the Bottom of the covered playing field of the world Cup Arena has been diligently working on the dropped down Video dice. And on top of the terrace on the first floor of Frankfurt's Lord mayor Peter Feldmann (SPD), said: "in Spite of the block of the single-digit setting for me and for us all a very important Moment." On Monday, the city of Frankfurt and Eintracht Board member Axel Hellmann sent in a symbolic act, the official handover of the keys with a large key made of cast iron.

Since the 1. July, the Bundesliga club is the main tenant and operator of the WM-Arena-and for a period of 15 years to 1 is. July 2035. Feldmann said: "It comes together what belongs together: the city, the Concord and the vibrant fan culture that we have here. The stadium belongs in quotation marks, from an operational standpoint, the Concord.“ The "very long and emotional negotiations" were accompanied by "mutual appreciation, but also with one or other of the fighters of the Moment". Try also, "to take advantage of it."

negotiations

The dramaturgy of the talks gave Hellman is that both parties "only on the morning of the Treaty signing date final everything is agreed" would have. The contracts were "quasi-two hours before the signing-out" been issued. With the outcome of the negotiations, he is satisfied: "Both sides can live with the contract for these 15 years is excellent." 300 days in the year, the Concord will manage the stadium. The city would be 20 percent of the days for the own use. To keep "this place as a meeting place alive and active, is the most important Element of the future concept. And the most Important, what have we done to us, is that football for all is taking place is possible and affordable,“ said Hellmann.

Due to the effects of Corona pandemic, both parties negotiated the commercial lease for the use of the stadium, the since 1. July, the name "Deutsche Bank Park," according to the bears, and the corresponding area hard. Originally, a year's rent was set of around eight million euros. By the end of October of last year, the city and the club had resulted in a Memorandum of Agreement on the essential contractual points to summon.

The Concord further loss of revenue

But in the face of the new situation and the consequent uncertainty about whether and when and with which number of spectators can be allowed to threaten the harmony continues to have a significant loss of revenue to the city next year. Sports Department head Markus Frank (CDU), who had led as Chairman of the Board of the sports stadium in Frankfurt am Main company for project developments mbH (short SSF), the negotiations significantly, described the agreement as a difficult birth. It was, however, achieved a "fair solution".

This includes a so-called, and subsequently anchored pandemic clause. He did not know "that we leave each other in the books view, if it is tight. This is a key appointment, that no one pulls the other over the table, and that we can talk eye-to-eye with each other,“ said Feldmann. For Hellmann, the "just the spring is to watch the end of the point: in the books. We have time to complete the pants off the city, what we have earned and what we deserve to be in operation. The city know we don't tell just any tale, as hard us the hits“.

Updated Date: 04 August 2020, 04:19

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