Dortmund Plans for a Season Without Europe

The president of German soccer Borussia Dortmund says the Bundesliga club may seek to save €20 million ($25.49 million) next season, but insists there will be no cull of top players, according to a German business daily Handelsblatt on Wednesday. "Next season we will initially plan without the Champions League and continue our hard cost management," said Gerd Niebaum. Dortmund, Germany's only club listed on the stock market, has hit hard times this season after planning financially for the cash avalanche which comes with European Champions league glory before crashing out. Rumors have circulated of a mass clear-out of top stars and reports have claimed that Dortmund have been considering taking out a €100 million loan against future gate receipts to help it out of its cash shortage.