Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Wolfsburg's survival doesn't depend on VW: Allofs

07 October 2015, 18:03

Berlin - VfL Wolfsburg boss Klaus Allofs insists the Bundesliga club's future does not depend on the survival of main sponsor Volkswagen, whose new CEO has stated the car manufacturer is reviewing its finances.

Embattled Volkswagen are caught up in a massive pollution-cheating scandal, which threatens to cost the company billions in vehicle overhauls and fines around the globe, with some 11 million diesel cars affected.

Also read: Ozil says Arsenal can win the league this season

VW's new CEO Matthias Mueller has said his company will review their finances thoroughly to see where they can save cash which includes delving into their huge sponsorship of Wolfsburg.

The carmakers invest an estimated 100 million euros into the football club per season, but Allofs refuses to worry about the durability of the sponsorship of his Champions League team.

"I have confidence in the strength of the leadership, that they know which measures would make sense and which would be purely populist," Allofs told SID, an AFP subsidiary.

"The survival of VfL does not depend on Volkswagen."

On Tuesday, Volkswagen boss Mueller told the Frankfurter Allgemeine Zeitung that they will "turn every stone and inspect it" to see where they can save cash.

"Everything which isn't absolutely necessary will be cancelled or written off," he added.

"I want to be quite frank: this will not happen without pain."

While Allofs expects their may be repercussions for his football club, he expects Volkswagen to honour their sponsorship of the club which dates back to 1945 after discussions with senior VW figures.

"I'm not worried about it, because a lot of things speak for the commitment which exists in VfL," he said.

"It's obvious that they will look into the appropriateness of the investment, whether the income and expenditure are correct.

"We're on the same wavelength."



Read more from our Users

Submitted by
Shakila Alivitsa
Types of men that are a waste of ...

Most women end up heartbroken because they were trying to convince the wrong man to be in a relationship/ marriage. Read more...

Submitted by
Shakila Alivitsa
Cheating is hardwork!

Cheating, although enjoyable by the person doing it initially, it gets to a point they start realizing that it was never even worth it. Read more...

Submitted by
Shakila Alivitsa
Dating that one person that socie...

Works at a massage parlour. Works at Millionaires Club (that one on Baricho road) - you know the ones I am talking about. Read more...

Submitted by
Shakila Alivitsa
Submitted by
Shakila Alivitsa
What do men mean when they say th...

As much as men think they are the ones confused by relationships, they have a better idea of it than most women actually do. Read more...

Submitted by
Wilson Ochieng
ODM rebels sweat in Kisii as Oran...

ODM rebels are sweating in Kisii after the Orange Party won by elections despite concerted efforts by the ruling Jubilee Party to win the elections. Read more...