Kneissl, the legendary Austrian ski brand, has run out of money again. Reportedly, Andreas Gebauer, the managing director, has filed for bankruptcy because the strong man behind the company, Sheikh Al Jaber, did not provide the promised and necessary increase in capital. According to Sport-Fachhandel, the German trade publication, Gebauer said that the bankruptcy would have been avoidable if Al Jaber had kept his word and increased the capital. The insolvency includes the Kneissl holding company as well as Kneissl Tirol, which markets the snow sports gear and other sporting goods. Austrian newspapers say that the sheikh plans to throw €1.2 million into the company by end of March, but his credibility has lost ground after various promises of that type.

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