Baník Ostrava saved from bankruptcy

20-05-2013

Top Czech football club Baník Ostrava was saved from bankruptcy on Monday following two city council votes. The future of the heavily indebted club hinged on the Ostrava city council buying its Bazaly stadium. A first vote went against the proposal, and would have meant expulsion from the top division. But in a dramatic turn of events, a second vote was held that went the club’s way. Baník Ostrava are the 2004 league champions and have been the home of many talented players, recently, for example, seeing the return of former national squad member Milan Baroš.