Swiss League

As the club explained at Thursday's general assembly, the deficit had nothing to do with the Coronavirus pandemic.

Higher personnel costs led to a loss of CHF 144,000.

Because HC Thurgau had already dropped out of the playoffs when they were canceled due to the pandemic, it did not impact their finances, the Thurgauer Zeitung reports. The deficit of CHF 144'000 for the 2019-20 season was due to higher personnel costs.

HCT's newly elected president was happy with the result under these circumstances: "We're glad that we were able to keep the loss so low," Thomas Müller says to the Thurgauer Zeitung. "This is a good performance for a Swiss League club."

For the upcoming season, the Lions are expecting a loss of CHF 50,000 (with a total budget of CHF 3,7 million). Their shareholders already agreed to a capital increase of CHF 200,000, which the Board of Directors can carry out if the situation required it.

( 11 September 2020 | tme )

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