Soccer Coach Invests in Startup
Felix Magath, a German soccer legend who currently coaches Chinese soccer club Shandong Luneng, is back in Germany – but this time as an investor.
According to a report in Deutsche Startups, a news website on German internet companies, Mr. Magath, 63, has invested an unspecified six-figure sum in Gokixx, a Cologne-based soccer startup.
Gokixx, a company founded in 2014, aims to support junior players in their burgeoning sports careers. Among other things, the app reports on the junior Bundesliga premier league and on topics such as nutrition and health. The content is free for users, and is financed by sponsors and content partners.
Mr. Magath, the son of a U.S. Army soldier stationed in Bavaria, won many titles as a soccer player in the 1970s and 1980s. He was part of the West German team that won the 1980 European Championships and reached the World Cup final in 1982 and 1986.
As a coach, he managed several German teams including Bayern Munich, Wolfsburg and the English premier league soccer club Fulham in 2014, before moving on to China last year.
Picture source: Julian Stratenschulte/DPA.