Overview

• Borussia Mönchengladbach announced the appointment on Tuesday and will present Schröder at a club press conference on Thursday.
• FC Red Bull Salzburg confirmed Schröder’s contract was terminated upon payment of compensation, with the fee undisclosed; media report a range of roughly €700,000 to €1.5 million.
• Schröder succeeds Roland Virkus following a poor start that has Mönchengladbach on three points from six league matches and without a Bundesliga win since March.
• Interim coach Eugen Polanski remains on the touchline for the time being, with multiple reports saying Schröder agreed to give him a fair chance, potentially through Christmas.
• Schröder takes the newly created title of Head of Sports, signaling a structural shift in the sporting setup, and his immediate remit includes winter transfer planning and addressing contracts expiring in 2026–27.