<
>

Wolfsburg to put big-money transfers on hold after Volkswagen scandal

Wolfsburg will adapt their transfer policy in the aftermath of the emissions scandal that has engulfed parent company Volkswagen, sporting executive Klaus Allofs said.

The Bundesliga club are a 100 percent subsidiary of the German car manufacturer, which has been hit by a scandal over falsified United States emissions tests.

"We can't plan our transfer policy in a way that is detached form the overall situation," Allofs told German sports weekly Sport Bild.

"Although we won't take the next financial step now, we will continue on the path we have taken."

Sport Bild said Wolfsburg and VW had agreed to back off from big-money deals like the signings of Andre Schurrle and Julian Draxler, who each joined for fees of more than €30 million.

But Allofs said the crisis did not affect long-term plans to "permanently play in Champions League and become the second power in Bundesliga."

"You need to take calculated risks," he said. "We will continue to realise future reinforcements on economically reasonable terms."

Volkswagen reportedly currently sponsor Wolfsburg to the tune of €90m per year and Francisco Javier Garcia Sanz, the head of the club's supervisory board, said they would continue "to receive adequate support."

However, new VW boss Matthias Muller has said all sponsorship deals would be tested by the situation and "no stone will be left unturned."

Last month, Bild am Sonntag reported that Volkswagen would not renew their sponsorship deal for the DFB-Pokal, which has been in place since 2012.

The paper said a new three-year deal had been in place but was not signed due to the scandal and the crisis it has sparked for the company.

VW are one of German football's biggest sponsors, with subsidiaries holding stakes in three Bundesliga clubs -- Wolfsburg, Bayern Munich and Ingolstadt -- and sponsoring a further 13.