1860 Munich to file for insolvency which offers 'unique opportunity'

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1860 Munich will file for insolvency after failing to meet licensing obligations owing to investor loan cancellation, leading to their demotion to the fourth division. The club president views insolvency as an opportunity for a strong comeback.

Former Bundesliga champions 1860 München will have to file for insolvency but that will offer the club a big chance to bounce back strongly, club president Gernot Mang said on Sunday. The club has been demoted into the fourth division because it could meet licensing obligations for the third tier after investor Hasan Ismaik cancelled a promised loan.