German league champion files for bankruptcy

1860 Munich, the club that won the German league title in 1966, announced the beginning of bankruptcy proceedings due to financial problems that have led to its relegation to the fourth division. The club stated that it has appointed an administrator to oversee the process, while also facing difficulties in obtaining a license to participate in the third division, despite investor Hasan Esmeek's expectation that the crisis will be overcome and the club will return to its historical stature.