Arminia Bielefeld: Restructuring Successfully Concluded with Sale of Stadium

On November 12, 2018, DSC Arminia Bielefeld announced the sale of the club’s own stadium to Bielefeld real estate experts and six companies in the OWL Bündnis, or East Westphalia alliance. The move is the final step in the restructuring of the Arminia Group by the German second-division football club. Drees & Sommer provided support to DSC Arminia Bielefeld in the form of technical consulting on the sale of the stadium.

Arminia Bielefeld developed a restructuring concept at the end of 2017 to deal with its financial difficulties. One of the key elements of this concept was the sale of the club’s own SchücoArena stadium with the aim of reducing a large part of its financial liabilities. This involved sports and entertainment sector experts from Drees & Sommer and their collaborative partner, sports facility consultants IFS Institut für Sportstättenberatung, carrying out a technical due diligence examination and profitability forecast together. Drees & Sommer also provided advice to DSC Arminia Bielefeld on all technical matters during the transaction process.

The agreement on the sale of the stadium has now been reached. The new owner of the SchücoArena (also known as Bielefelder Alm) is Bündnis Alm GmbH, a company set up specifically for this purpose, with which Arminia Bielefeld is to sign a general lease contract. Under the agreement, DSC will retain all rights to the stadium, such as the rights to the name, income from office letting and third-party events, and all stadium-related rights. The lease will initially run for a period of 15 years. After the conclusion of the restructuring project and all transactions, the Arminia Group is now free of net financial debt and optimistic about the future.