• Owner not prepared to pay for licence, meaning threat of demotion
Former Bundesliga team 1860 Munich face demotion to Germany’s fourth or fifth tier after failing to meet a deadline for a third-division licence.
1860 were due to make a payment of reportedly €5m to €10m to the German football federation for the licence by Friday afternoon, but financial backer Hasan Ismaik said through his company HAM that he wasn’t prepared to pay it because 1860 “refuses to make necessary changes to solve the many issues facing the club”. Ismaik, a Jordanian billionaire who owns 60% of 1860, was the club’s only hope of meeting the payment deadline.
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