What Happened to Schalke 04?

A giant of German football has fallen. Anyone who has followed the German league knows Schalke 04 aren't just part of the Bundesliga’s furniture, but are one of German football’s most decorated clubs. They’ve won the Bundesliga 7 times, the German Cup 5 times and have a respected history in the Champions League. Schalke finished second in the Bundesliga as recently as 2018 but fast forward a few years later, they are fighting relegation from the second tier of German football. It has been a turbulent few years at the club and there are even suggestions that a relegation to the third tier could result in liquidation for the club. So how has one of Germany’s biggest clubs fallen so far in such a short time?

[@Xistence24]

Sad to see them fall so far so fast

[@Cactus_-Stduio]

How is this guy not monitised😭😭

[@FBUncovered]

Help me get there!

[@markhayes5600]

@@FBUncoveredbegging is sad and pathetic.

[@Vipersnake21]

Thilo Kehrer was the last big sell with 37 million

[@user-ve7hn2dh8h]

And he wasn't even worth half of that

[@96phjams04]

I do not understand the economics of letting players go for free or who would let that happen(Free Transfers?) I understand the Gazprom situation, they lost a huge sponsor in good ole russia. Then covid lol..
Whom makes these terrible decisions? I have been lucky enough to be at Veltins Arena and have seen them play. Its an awesome place. Some people are making alot of money IMO. How the fuck do you just lose 175-200 million and not blink an eye.
At this time they are in 11th place in B2.

[@i_m_p_u_l_s_e_]

The former chairman was kicked out, he is the richest man in Germany

[@milanstojadinovic6483]

Gasprom ?!

[@CianMcCarry]

First

[@markhayes5600]

First, what?