ELF: Restructuring solution found

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 league’s 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.

"Viable path forward for the ELF"

The insolvency administrator is expected to submit an insolvency plan to the ELF’s creditors in June. The goal is the sustainable continuation of the league under an adjusted shareholder structure.

Insolvency administrator Andreas Romey stated: “The solution we have found creates a viable path forward for the ELF and delivers a positive outcome for the creditors.”

"Major milestone in the restructuring process"

Managing Director Zeljko Karajica added: “My special thanks go to Andreas Romey and his law firm, ECKERT Rechtsanwälte, 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.”

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.