While ten teams in the German basketball league will end the season in a final tournament in Munich on June 6th, the season for Braunschweig has already ended. The lions spoke out against participation in the upcoming championship tournament in Munich “for financial reasons”. You have players and employees on short-time work, high six-figure losses due to the lack of audience income and the team’s preparation time for the tournament was too short, said Löwen managing director Sebastian Schmidt on Deutschlandfunk.
For basketball in Germany, however, the tournament is a good opportunity to present basketball to a different audience. “Because apart from football, only basketball is active,” said the sports official.
Schröder’s entry dispels a lot of worries
With Schröder’s entry into Lower Saxony, the short-term money worries were resolved for the time being, said Schmidt in the Dlf. Because of the corona crisis, however, it is extremely difficult to keep sponsors and acquire new partners.
Because of the coronavirus pandemic and the interrupted basketball championship, the club’s future had been uncertain. With the complete takeover by Schröder, according to the association, the “participation of the lions in the licensing process” has been secured.
