Intersport Germany denies rumors in the German press that it might be facing financial difficulties because of the coronavirus crisis. According to SAZ, some retailers affiliated with the cooperative created new companies outside of Intersport in order to continue receiving supplies from the producers without its financial backing. Declining to comment on the report, Intersport Germany’s management states that It has sufficient financial resources. It says it went proactively into action during the retail lockdown in March and April by asking suppliers to stop their deliveries, while negotiating extended payment terms in favor of the retailers. With the re-start of the business, which looks promising based on a recent survey, Intersport Germany says that the affiliated retailers are now reconnected to the regular central settlement process, which allows them to take advantage of Intersport’s ability to pay the suppliers in advance, while carrying the risk of default in their behalf.