Why there is another cracker at Austria shortly before New Year’s Eve

For the December 30th became an extraordinary one Meeting of the Supervisory Board convened, in which Jürgen Werner and Peter Vogl were confirmed as new members of the Supervisory Board. In addition, Thomas Zorn will be voted on as the future sports director for the Violets. Thomas Zorn was the first suggestion from Jürgen Wernerwho resigned as sports director a few months ago and, according to his contract, can present a successor candidate.

Austria holds the majority on the supervisory board with five members (Gollowitzer, Jäger, Koppensteiner, Pilgram, Moser), four of which belong to the investor group WTF (Werner, Vogl, Krueger, Egger). It can be assumed that Austria will reject the proposal.

In the background, the WTF is not only trying to sell its shares (40 percent) in Viola Investment, but also to find an investor for the entire 49.9 percent of Austria. A term sheet was reportedly signed on December 2nd. Austria itself is also said to have made an offer to the WTF, although at six million it was well below what the WTF would like.

By Editor

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