Serie A

Schalke official: Because sleeve sponsor hülsta is undergoing bankruptcy proceedings, the contract has been terminated

Schalke official: Because the sleeve sponsor hülsta is undergoing bankruptcy proceedings, the contract has been terminated. SportsTalk, December 21, German second division Schalke 04 official news, the club has terminated the contract with the sleeve sponsor hülsta early. Schalke 04 officially stated that the club has

SportsTalk reported on December 21 that German second division Schalke 04 officially announced that the club had prematurely terminated its contract with sleeve sponsor hülsta.

Schalke 04 officially stated that the club has terminated its contract with sponsor hülsta with immediate effect due to the company’s ongoing bankruptcy proceedings. , the club exercised a special cancellation clause and the company had told the liquidators that they had no interest in continuing the partnership as long as it was involved in insolvency proceedings. As it was unclear when these proceedings would be concluded and the club could not rule out further financial losses, it chose to terminate the partnership immediately.

Schalke 04 have reduced hülsta advertising in recent weeks and these will now cease immediately, as printed Jerseys that are ready for sale will remain on sale until further notice.

Christina Rühl Hamers, Schalke 04 board member responsible for financial affairs, said: “We regret that we have been forced to take these measures because of hülsta’s past has been a reliable partner of ours for several years. However, as we have not received any payments this season, the club has no choice but to take this step. We started looking for a new partner a few weeks ago and the current market environment It’s very difficult, but we are working hard to find a good solution for the club.”

There have been 17 rounds of Bundesliga 2 this season. Erke 04 achieved 6 wins, 2 draws and 9 losses, ranking 14th among 18 teams.

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