Bayern helped Dortmund avoid bankruptcy with loan

Publish date:

Borussia Dortmund's president has confirmed his side received a 2 million euros ($2.6 million) loan from Bundesliga rival Bayern Munich to help stave off bankruptcy.

Bayern president Uli Hoeness revealed details of the 2003 loan at a fans' meet in Hamburg over the weekend.

Dortmund president Hans-Joachim Watzke tells the Ruhr Nachrichten newspaper, "Yes, I can confirm a loan.''

Dortmund flirted with bankruptcy in the seasons after its 2002 Bundesliga success, only pulling back from the brink in early 2005.

Defending champion Dortmund leads the Bundesliga by two points from Bayern.