"Schalke is close to relegation from the second Bundesliga, which will lead to the club's bankruptcy

"Schalke 04 is rapidly moving towards relegation from the second division of German football.

«Шальке», Getty Images

After 19 rounds of the second Bundesliga, the Gelsenkirchen team has 20 points and is one step away from the relegation zone, ranking 15th in the standings only due to a better goal difference.

According to Sky Sport Deutschland, Schalke will not be able to be certified by the German Football Association if it is relegated to the third division. The fact is that Schalke has a significant amount of debt of about €165 million. In this case, the club will not be granted a licence to participate in the third Bundesliga, and Schalke will have to declare bankruptcy, starting a new chapter in its history of amateur football.