Warm rain of money for LASK and SV Ried

Warm rain of money for LASK and SV Ried

There are positive account movements at LASK and SV Ried.
Image: APA/Hackl

The Austrian Bundesliga football clubs can look forward to a financial injection totaling 6.447 million euros from UEFA’s solidarity payments. As sportsbusiness.at reported, nine clubs will each receive around 650,000 euros. The support will be paid out to upper house clubs that did not reach the European Cup group stage in the 2022/23 season.

Red Bull Salzburg, Sturm Graz and Austria Vienna are eliminated as beneficiaries because they qualify. Therefore, the payments go to the other nine clubs, including LASK and SV Guntamatic Ried, which was still represented in the top division in the season in question. The money is earmarked for young talent, as Bundesliga board chairman Christian Ebenbauer confirmed.

According to the report, UEFA pays out four percent of the profits generated, which is a total of more than 177 million euros. Starting next season, the solidarity amount is to be increased to seven percent and around 308 million euros. The share of the Austrian Bundesliga depends on whether a club manages to qualify for the Champions League.

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