Bayern helped Dortmund avoid bankruptcy with loan

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.

SI Apps
We've Got Apps Too
Get expert analysis, unrivaled access, and the award-winning storytelling only SI can provide — from Peter King, Tom Verducci, Lee Jenkins, Grant Wahl, Andy Staples and more — delivered straight to you, along with up-to-the-minute news and live scores.