Werner Schalger Academy has gone bankrupt!

[Dan]

Hey all, I really hope this artilce is not true however it seems the fantastic Werner Schalger Academy has gone bankrupt. Check out this article here: http://derstandard.at/2000027241645/Werner-Schlager-Academy-meldete-Insolvenz-an You can right click and translate to English if needs be.

Does anyone have more information on this?

 

[Vrael]

oh, that explain a lot. I have e-mailed them 3 days ago, because I was planning to train there in February, but I still have not received any answer :/. I remember that 1 year ago they were responding pretty fast

 

[violoniste18]

Couldn't anyone translate here in english ?

 

[Garrison]

The article is not that easy to translate literally because the structure is not that clear so I am just gonna do a qucik summary of what I understood:

WSA is owned 50-50 by Schlager and WSA CEO Martin Sörös. Sörös filed for bankruptcy without Schlager knowing so he does not know the particulars yet. It is suspected that this is connected to the WSA being a 33% shareholder of the "Schwechat Multiversum" as there have been "inconsistencies" during the time it was build.
The relationship between Schlager and Sörös is difficult because Schlager often had to run after him to get needed information.

My impression: This Sörös guy is kind of shady (the article doesn't go into much detail though)

EDIT: I looked up on the Schwechat Multiversum and it is a huge building complex for all kinds of sport and entertainment in which the WSA is integrated.

 

[TableTennisDaily]

Here is another article: http://sport.orf.at/stories/2242492/

 

[Ilia Minkin]

Breaking news, WSA is alive: http://www.wsa-tt.com/newsreader-en/items/werner-schlager-academy-is-rescued.html !

 

[ttmonster]

That is great news ! I think Schlager coming back from retirement also helped a bit but looks like we are going to have Chinese Bases in the table tennis world like American Military bases all over the world , not sure completely either are for entirely peaceful purposes , only time will tell I guess !

Breaking news, WSA is alive: http://www.wsa-tt.com/newsreader-en/items/werner-schlager-academy-is-rescued.html !