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European League of Football
American Football made in Europe. 🏈🇪🇺
𝗥𝗲𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗶𝗻𝗴 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻 𝗳𝗼𝘂𝗻𝗱 𝗳𝗼𝗿 𝗘𝘂𝗿𝗼𝗽𝗲𝗮𝗻 𝗟𝗲𝗮𝗴𝘂𝗲 𝗼𝗳 𝗙𝗼𝗼𝘁𝗯𝗮𝗹𝗹
The restructuring of the European League of Football (ELF) is now taking concrete shape. As part of a structured investor process, a solution has been developed to ensure the continuation of the league’s business operations.
An agreement has been reached between insolvency administrator Andreas Romey and the shareholder consortium led by ELF founder Zeljko Karajica to preserve the ELF. The shareholder consortium intends to restructure the insolvent ELF through an insolvency plan, eliminate its debt, and transfer it into a new company. The insolvency administrator is expected to submit an insolvency plan to the ELF’s creditors in June. The goal is the sustainable continuation of the league under an adjusted shareholder structure.
Insolvency administrator Andreas Romey stated: “The solution we have found creates a viable path forward for the ELF and delivers a positive outcome for the creditors.”
Managing Director Zeljko Karajica added: “My special thanks go to Andreas Romey and his law firm, ECKERT Rechtsanwälte, for their exceptionally constructive and goal-oriented cooperation. Our concept represents a major milestone in the restructuring process. Together with the newly assembled group of shareholders, we will consistently implement the restructuring of the ELF and continue to drive forward the successful continuation of league operations.”
Preparations for the implementation of the transaction and the transfer of business operations to the new company are currently underway and are expected to be completed in the coming weeks.
The ELF will now move forward with targeted structural adjustments to create the foundation for a successful continuation. This will include, in particular, the development of a revised franchise model with a reliable and sustainably structured group of participating teams.
𝗥𝗲𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗶𝗻𝗴 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻 𝗳𝗼𝘂𝗻𝗱 𝗳𝗼𝗿 𝗘𝘂𝗿𝗼𝗽𝗲𝗮𝗻 𝗟𝗲𝗮𝗴𝘂𝗲 𝗼𝗳 𝗙𝗼𝗼𝘁𝗯𝗮𝗹𝗹
The restructuring of the European League of Football (ELF) is now taking concrete shape. As part of a structured investor process, a solution has been developed to ensure the continuation of the league’s business operations.
An agreement has been reached between insolvency administrator Andreas Romey and the shareholder consortium led by ELF founder Zeljko Karajica to preserve the ELF. The shareholder consortium intends to restructure the insolvent ELF through an insolvency plan, eliminate its debt, and transfer it into a new company. The insolvency administrator is expected to submit an insolvency plan to the ELF’s creditors in June. The goal is the sustainable continuation of the league under an adjusted shareholder structure.
Insolvency administrator Andreas Romey stated: “The solution we have found creates a viable path forward for the ELF and delivers a positive outcome for the creditors.”
Managing Director Zeljko Karajica added: “My special thanks go to Andreas Romey and his law firm, ECKERT Rechtsanwälte, for their exceptionally constructive and goal-oriented cooperation. Our concept represents a major milestone in the restructuring process. Together with the newly assembled group of shareholders, we will consistently implement the restructuring of the ELF and continue to drive forward the successful continuation of league operations.”
Preparations for the implementation of the transaction and the transfer of business operations to the new company are currently underway and are expected to be completed in the coming weeks.
The ELF will now move forward with targeted structural adjustments to create the foundation for a successful continuation. This will include, in particular, the development of a revised franchise model with a reliable and sustainably structured group of participating teams.
European League of Football resets for the future
The ELF has initiated restructuring proceedings under self-administration. This process allows us to realign the league economically while continuing normal business and match operations.
🏈 Games will go on
🗓️ The schedule will be announced by the end of February
Our goal is clear: To restructure the league and build a stronger, more sustainable future - together with you.
You can find the full press release on our website. We will continue to keep you informed here.
ALL THE WAY FROM AUSTRIA 😤
ㅤ
Welcome to Louisville, @primetime.89 🤝
ㅤ
#UFLDraft
ALL THE WAY FROM AUSTRIA 😤
ㅤ
Welcome to Louisville, @primetime.89 🤝
ㅤ
#UFLDraft
Global talent, league opportunity.
ㅤ
Florian Bierbaumer goes from the UFL International Showcase to the Louisville Kings.
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