Magath: We will resolve finance issues

Posted Saturday, October 31, 2009 by PA

Schalke manager Felix Magath has again played down the seriousness of his club's financial problems.

The German Football League (DFL) are awaiting information from the club following media reports of serious debts. But Magath, who has led the club to fourth place in the Bundesliga after 10 games of the season, is remaining calm about the issue, even if he is beginning to accept that he may have to sell players this winter.

"We will get the finances under control," Magath told the Rheinische Post newspaper.

"We could do with a few more euros, but we will get these."

Magath does not believe the club will have to seek external help to pay wages, but admitted he would be open to anything.

The most likely source of new funding would be the sale of players.

Goalkeeper Manuel Neuer is attracting the interest of Bayern Munich, who have also already made a bid, which was refused, for full-back Rafinha.

Furthermore, Albert Streit, who does not figure in Magath's plans, is a high earner playing for the reserves, with the club keen to find a new employer for him in January.

Bayern president Franz Beckenbauer does not expect his club to succeed in signing any of Schalke's crown jewels.

"Bayern will always try to buy Manuel Neuer, but they will not get him," Beckenbauer told Sky television in Germany. As long as Felix Magath is coach of Schalke, he will not get rid of his top players. That would be deadly."