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Austria | Austria |
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The dramatic collapse of Tirol Innsbruck last year, from Champions League qualifiers to the third division, was probably the most extreme case yet of a club being punished for financial misdemeanours. Now, in a new guise, the club have started the long haul back. FC Tirol Milch Innsbruck, to give them their full name, were established as Austria’s leading team, with three consecutive league championships. This supremacy ended last June when the club failed to post a bond of €4.5 million with the league, lost their licence and were declared bankrupt with debts of at least €16 million. An inept management intent on buying success seems to have been the cause. An expensive new 18,500-seat stadium and an annual wage bill of €10 million were just too much for a club with an average home attendance of 10,000. The collapse prompted efforts by Tyrolean business and government to build a successful local team. A new club was formed with a nostalgic name, FC Wacker Tirol: FC Wacker Innsbruck was the old club name in the days before sponsors started imposing themselves. Wacker then formed a Spielgemeinschaft (playing community) with WSG Wattens, a mid-table third division team but, more importantly, one with a licence. Thus was born the mouthful that is SPG WSG Swarovski Wattens/FC Wacker Tirol. From WSC 194 April 2003. What was happening this month On the subject...
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