Bayer Leverkusen ordered to repay $20.3 million to ex-sponsor
Bayer Leverkusen must repay the €15.9 million ($20.3 million) it received from former sponsor TelDaFax between October 2009 and June 2011, a German court ruled Wednesday.
Leverkusen received the money legally, but the court said that it must have been aware of TelDaFax's insolvency at the time it began receiving money, even though the electricity supplier didn't officially file for insolvency until June 2011.
The team must pay the money to TelDaFax's insolvency administrator. Leverkusen general manager Michael Schade said the team is considering an appeal of the ruling.
Leverkusen is currently in sixth place in the Bundesliga with 13 points through eight games. The team is also in third place in Group C of the Champions League with three points in two games.
Leverkusen plays Zenit St. Petersburg in the Champions League on Wednesday and meets Schalke 04 in Bundesliga play on Saturday.
- Ben Estes