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VfL Wolfsburg facing uncertain financial future due to Volkswagen scandal

Brendan O'Neill 29 Sep 2015
  • VW scandal could affect Wolfsburg's financial status
  • Club may have to reign in spending if company is hit with massive fine

Bundesliga club VfL Wolfsburg are facing an uncertain financial future as a result of the ongoing scandal surrounding German car make Volkswagen.

Volkswagen, who own the club, could be fined up to £11.8bn after cheating United States emissions tests.

"When you suffer a big financial hit, you have to look for savings," sports economic expert Simon Chadwick told BBC World Service Sport. 
"Sponsorship is one of the things that gets hit during times of austerity. It has to have an impact on the club," added Chadwick, professor of sport business strategy and marketing at Coventry University.

Wolfsburg came into being a a multi-sports club for VW workers in 1945, and the company has made a significant financial contribution to the club over years, helping them to win the Bundesliga title in 2009 and German Cup last season. 

Chadwick added: "Depending on the size of the financial dent it remains to be seen whether they can sustain the level of expenditure, and therefore the team's performance, that we've seen over recent seasons."

The club's Sporting director, Klaus Allofs, this week attempted to reassure Wolves fans insisting he is not worried about the situation.

"I can't say anything concrete about the operations at Volkswagen, but in general the signals are clear. As things stand now, nothing will change," he said. 
"The financial size of the investment, in terms of the whole Volkswagen Group, is certainly not small. On the other hand, their emotional involvement is huge, which is why I am not worried.
"That's not a calming tactic, but what I firmly believe."


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VfL Wolfsburg facing uncertain financial future due to Volkswagen scandal

Bundesliga club VfL Wolfsburg are facing an uncertain financial future as a result of the ongoing scandal surrounding German car make Volkswagen.

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