The new contract will enter into effect on 01.07.2020, and also lays out terms in the event of relegation to Bundesliga 2, which would mean a significant reduction in salary for Filbry. “We started the discussions about a new contract 15 months prior to the expiration date on the current contract. Despite the early and clear decision to continue working with Klaus Filbry, we wanted to wait for the right moment to share the news. Today’s polemic BILD article has compelled us to share the news now,” said Bode.

Klaus Filbry, who has been able to secure positive operating results for SV Werder in the last few years and who has been able to achieve growth in various business areas, thanked the club for their trust and said he is looking forward to the challenges the future will bring. “I’m pleased that they hold me in high esteem and will do everything I can to put SV Werder back on the path to success so that we can achieve our long-term goals. It’s about continuing the development of a very special club with courage and an eye on the future. In order to do so, my colleagues Dr. Hubertus Hess-Grunewald and Frank Baumann and I will continue to work together every day with the strong leadership team we have, as well as our employees.”

Klaus Filbry has been the CEO of SV Werder Bremen since January 2010, and took over from Klaus Allofs as chairman of the board in 2013.