Only city council can save Baník Ostrava from bankruptcy

19-05-2013

The Czech top flight soccer club Baník Ostrava will go bankrupt if the council in the north Moravian city does not vote to purchase Baník’s Bazaly ground at an extraordinary meeting on Monday. The club, whose history stretches back 90 years, would be expelled from the first division. Baník’s stadium is valued at around CZK 115. Some councillors have said they will not support its purchase and the coalition that governs in the city is said to be divided on the matter.