An article, albeit from 2012, showing that not all Germans are happy with the 50 +1 rule. Bayern obviously are as they are the dominant force in the Bundesliga.
In the early 2000s despite the 50 + 1 rule, Dortmund had massive debt.
The financial controls in Germany hasn't prevented German clubs going insolvent.
https://www.soccernomics-agency.com.../uploads/2019/01/insolvency_Germany_final.pdf
The conclusion suggests that insolvency in German football is not dissimilar to that in England.
Insolvency not dissimilar and no German club joined the ESL. I would take that.
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