๐ฅ๐ฒ๐๐๐ฟ๐๐ฐ๐๐๐ฟ๐ถ๐ป๐ด ๐๐ผ๐น๐๐๐ถ๐ผ๐ป ๐ณ๐ผ๐๐ป๐ฑ ๐ณ๐ผ๐ฟ ๐๐๐ฟ๐ผ๐ฝ๐ฒ๐ฎ๐ป ๐๐ฒ๐ฎ๐ด๐๐ฒ ๐ผ๐ณ ๐๐ผ๐ผ๐๐ฏ๐ฎ๐น๐น
The restructuring of the European League of Football (ELF) is now taking concrete shape. As part of a structured investor process, a solution has been developed to ensure the continuation of the leagueโs business operations.
An agreement has been reached between insolvency administrator Andreas Romey and the shareholder consortium led by ELF founder Zeljko Karajica to preserve the ELF. The shareholder consortium intends to restructure the insolvent ELF through an insolvency plan, eliminate its debt, and transfer it into a new company. The insolvency administrator is expected to submit an insolvency plan to the ELFโs creditors in June. The goal is the sustainable continuation of the league under an adjusted shareholder structure.
Insolvency administrator Andreas Romey stated: โThe solution we have found creates a viable path forward for the ELF and delivers a positive outcome for the creditors.โ
Managing Director Zeljko Karajica added: โMy special thanks go to Andreas Romey and his law firm, ECKERT Rechtsanwรคlte, for their exceptionally constructive and goal-oriented cooperation. Our concept represents a major milestone in the restructuring process. Together with the newly assembled group of shareholders, we will consistently implement the restructuring of the ELF and continue to drive forward the successful continuation of league operations.โ
Preparations for the implementation of the transaction and the transfer of business operations to the new company are currently underway and are expected to be completed in the coming weeks.
The ELF will now move forward with targeted structural adjustments to create the foundation for a successful continuation. This will include, in particular, the development of a revised franchise model with a reliable and sustainably structured group of participating teams.
European League of Football resets for the future
The ELF has initiated restructuring proceedings under self-administration. This process allows us to realign the league economically while continuing normal business and match operations.
๐ Games will go on
๐๏ธ The schedule will be announced by the end of February
Our goal is clear: To restructure the league and build a stronger, more sustainable future - together with you.
You can find the full press release on our website. We will continue to keep you informed here.
