25 years ago: Rapid was broken after the IPO



The first thing to do: "The quick football hero has lots of plans for him – the warrior champion wants to be a big big club like Bayern Munich and Manchester United," he says. written by the APA in August 1988 on the corporate concept "Rapid 90", which was organized by the IPO for the first time.

This was the ultimate aim, meaning 5 April 1994, the “compensation”.

Managing director Helmut Neumann declared in the summer of 1988 and three years later the IPO. In the meantime, it seems that the end of the traditional club came from Hütteldorf.

The "Stock Exchange Guru"

Everything was so encouraging first: "For the first time in Austria there is a football club on the stock market," he said on 29 August 1991 in the APA. “For Rapid fans and fans, the Vindobona-Privatbank launches the newly unveiled 60,000 ordinary" Rapid Wien Finanzierungs-, Werbe- und Veranstaltungs-Aktiengesellschaft " between 9 and 12 September. "

At the time he was "Börsenguru" as a precious Michael "banker" Lielacher. The price for the "Loyalty Characters" is "1,100 shillings per name, 1,000". 1,000 shillings – this sum would be about 73 euro today. The sports club held Rapid 25 per cent and one section in AG. The former President of the Union and president of the National Council, Rapid Anton Benya, orakelte has indicated that the capital increase in the stock market will be “an economy in Rapid. future ”. Background: At the time, bank debts accounted for 29 million pupils (2.11 million euro).


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The best photos from an executive course from Didi Kühbauer at SK Rapid:

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The best photos from an executive course from Didi Kühbauer at SK Rapid:

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During the IPO, Rapid AG received all the rights to movement and advertising at the Sportclub team. A VIP VIP – based on the price of the magazine – was expected to produce a return of at least six per cent. In the case of "a worse financial year", shareholders in the future promised to "spread the associated benefits". The Rapid AG board was made up of substitute Skender Fani and banker Michael Margules.

Fani hoped that there would be a profit of 4 million pupils at the first fiscal year (1992). This figure also shows how the football world (also in Austria) has changed since then. Four million pupils would now change directly under 300,000 euros. Almost impossible for the international football industry. But it also indicates what football has moved away from "ordinary" life.

Suspicious from the beginning

According to the price of users in the "Statistics Austria", 4 million shillings would be equivalent to the development of common prices (inflation) in Austria before February 2019 with an purchase value of around 500,000 euros. Even today, football is not allowed to leave large dolphins now.

But back to the early 1990s: With the capital growth of the livestock market, Rapid Finanz AG received all the society's rights to movement and advertising for the price of 60 million pupils. There were bones from the beginning. Volksbanken AG was able to recommend Rapid "just for well-predicted investments and Rapid supporters". The question is whether it was a "deposit or building material". Indeed, Rapid AG had an image problem that was named shortly, as APA published just four months after the IPO: "Almost 50% in green-gray sections from their journal in January 2008. -Mattain, the losers in the secondary market and the average performance of the club The competition now causes the managers to manage ',' he said on 20 November, 1991. .


"As reported, the Rapid AG was pulled into the scandal with money laundering, as some of the board members, Michael Margules, used impressive money from US drugs coming t to pay good money for an Argentine Czornomaz producer

APA in March 1992

The publishers quickly acknowledged that they had made mistakes too. With a focus on “supporters” and membership advertising, the “fast family” should be balanced more to continuity, the setting of business seats and the new Rapid magazine should be canceled. to "fear". But Margules still expected a "stable profit". It wished to continue to fund Rapid AG through capital growth through the stock market. Margules was confident that he would be able to make a profit in the financial year 1991/92.

But it was a different way: Vindobona's private bank lawyer was arrested in March 1992 in New York because of suspicion of currency and drug trafficking. This also resulted in the tidying out flow to previously unidentified depths, as stated in the APA 331 distribution figure of 10 March 1992: "Today, the price of the paper sent down fell to 1,100 S to 540 S after it had previously fallen from 670 to 570 S. For the first time, less than half the price of the Rapid sectors was valued (value 1,000 S). "

Drugs movement?

And additionally, as the rumid was mentioned, the Rapid AG was pulled into the scallop to clean up money, as Michael Margules has a board member like drugs. The US gave up the money to pay for the Argentine attacker Czornomaz. "The motion of Adrian Carlos Czornomaz, which reflected in Hütteldorf at that time, was almost motionless.


Pitch

Krankl as a Rapid Trainer

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In proclaiming his promise to Epiphany in 1992, the 23-year-old was commissioned as "Van Basten of Argentina". – Marco van Basten, the attacker in the world, just as AC Milan Furore. Eventually, the top American soldier from Hans Krankl's coach in four games played the fighting team's clothes, never hit the goal.

But the problem in stock was early on with an astonishing star, as Austrian Media Group said on 10 March, 1992: "The Rapid course has been largely from to find out about recession. "This stopped in a row. In the 1993 national holidays in Hütteldorf the Apocalypse was up. Now Vindobona Privatbank (VIP) was taken over by Bank Austria. "By the end of the year to decide whether or not Vienna Rapid Football Club 1994 was still read on 26 October.

The end was to be seen

The future will depend on "sustainable political prosperity" and whether there is still sponsorship, "said Rene Alfons Haiden, Chief Executive of Austria Bank, which held about 37% of the Rapid rations. T currently without value through a sub-group "There is no other solution," Haiden said suddenly, to point out another way later.

Whilst this was the same as a banker logic that was figuratively interpreted, but with football sensations and extreme rogue rapids, it was inconsistent. Rapid can be joined by competitors in the Austrian city to create a large Viennese club, the manager of the bank thought. That has never happened. For major Rapid support complaints, which also appear to be an unambiguous number of the Bank of Austria's private accounts issued.

To make it less dangerous to lose its own image, the bankruptcy bank finally passed. The bank reorganized Rapid which could be reorganized through settlement through bankruptcy proceedings with a bank guarantee of 17 million pupils. Eventually, on 5 April 1994, SK Rapid stood before the judge of the bankruptcy, and then Rapid Finanz AG followed. The Rapid debt was at over 41 million shillings, AGS recognized financial debts to 48.4 million shillings.


“Anyone caught in our face in the European Cup has to shout out: 'Because of God – Just!'

Helmut Neumann

This accounted for almost 90 million (also in other media coverage of 103 million speakers), even if they were a quarter of a century later in euros (approximately 6.5 million or 7.5 million million in total). T ) not so strange sounds. Rapid's 40 per cent of debt would have to be paid within two years. The Rapid Finanz AG was distributed, small pockets were lost. Finally, Rapids reform ended on 30 June, 1996.

The Daltons and the high

Rapid had seized his sport and made "the need" more. Under the new Ernst Dokok coach the young players got fair. "It's for a high-level table," said the Dokupil who was 47 years old in September 1994 in an interview with the more important "Falter" newspaper. their passion for football. "The practical thing: The club didn't have much money.

The coach now Dietmar Kühbauer as well as Zoran Barisic (one of his predecessors), Stefan Marasek and Tajik Sergei Mandreko, reveals the incredible “delightful sport”. After Lucky Luke's comics they nicknamed them "the Daltons". Maybe it's not just about a seat on the Schalk game in the neck. The principle of successful green enjoyable success. In 1995 the victory of a Cup with a 1-0 victory on DSV Leoben – the last time ever – was won in the European Cup final (0-1 in the last). T Against Paris Saint-Germain, the title marked the title.

After that (due to Dokupil) there was a lack of performance and reaction to Gerhard Hanappi Stadium, the following balance sheets were mixed. In 2005 and 2008, the title could be withdrawn twice, since then the cup cabinet was opened in Hütteldorf just to clear old money. With the enormity of the organization, the Hütteldorfer decided that it was a big disappointment amongst the supporters this year.

Where are the times, maybe they are thinking, when the achievements were high? As it was, on 5 August, 1988, when the word "stock" was spoken for the first time. At the time, the APA message came to an end: “Hütteldorfer is a natural aim of staying in Austria and Hütteldorfer, but how Helmut Neumann sees the results of his future work, the speaker is t Parental Guidance says: from: "Who has been solved in the European Cup? need to be awakened because of God – Just!" About 30 years later, this area replaced the greenish supporters on the lips.


Source of the text: © APA

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