The owner of Šibenik also faces bankruptcy in Austria. Bankruptcy proceedings have been initiated
Željko Karajica, the Croatian entrepreneur and owner of clubs in Šibenik and Austria, faces bankruptcy proceedings in Austria due to poor financial management after the club was relegated.
Austrian Fans Welcomed Croat as Savior, But Now He Has Brought Them to Bankruptcy. 'He Is a Fraud...'
Austria Klagenfurt GmbH has filed for bankruptcy, shocking fans and the club's director, Željko Karajica, who hopes to prove the club's solvency.