The SC DHfK Leipzig from the Handball-Bundesliga is tenth in the table with 10:10 points in the middle of the best handball league in the world.
The club from Saxony is obviously struggling financially. An event from May 2024 gives this impression.
Photo: IMAGE
Millionaire loans handball club 400,000 euros
On May 8, 2024, Karsten Günther signed a corresponding loan agreement in his role as managing director of SC DHfK Leipzig Verwaltungs GmbH. On May 10, 2024, the lender, EMKA Immobilien Beteiligungs GmbH, signed the agreement.
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EMKA representative: Prof. Dr. Michael Kölmelfounder of the film distributor Kinowelt and Sportwelt Beteiligungs GmbH. Kölmel has been a member of the supervisory board of Union Berlin’s Stadionbetriebs-AG for 12 years, and in 2019 he was made an honorary member of the capital club.
The contract (§2) states, among other things: “The loan is subject to annual interest of 8%. The interest is due for payment at the end of a quarter.” The next interest payment of 8,000 euros is due in December 2024.
Repayment is regulated under paragraph 3: “The loan can be repaid at any time. The loan is due for repayment no later than August 31, 2025.”
BILD asked SC DHfK Leipzig with four questions.
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Was this loan intended to close a liquidity gap at SC DHfK Handball Verwaltungs GmbH? Can SC DHfK Handball Verwaltungs GmbH meet the agreed repayment date? Were the income from TV marketing assigned to the lender as security? Why was the loan agreement concluded under these conditions with the lender and not with a credit institution?
Managing director Günther answers: “The information you describe, regardless of whether it is accurate or not, is subject to all consequences of the law for the protection of trade secrets and therefore to secrecy.
Publicly relevant economic processes of the SC DHfK Handball administration can be viewed transparently in our balance sheet.
In anticipation of the publication of the balance sheet as of June 30, 2024, I can inform you of the following:
SC DHfK Handball Verwaltungs GmbH reports other liabilities of €400,000 to third parties with a term of 1 to 5 years. These were duly reported to Handball-Bundesliga GmbH.
These liabilities in the form of a loan serve to compensate for defaults and late payments of sponsorship funds and thus to secure liquidity.
We are very grateful that numerous partners are actively supporting us and have adjusted our budget accordingly from the current season in order to reduce these liabilities as planned.”
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Which: DYN18.11.2024
How does the loan agreement with EMKA Immobilien Beteiligungs GmbH impact the club’s financial strategy moving forward?
Welcome to World Today News! We’re delighted to have you here today to discuss the financial challenges facing SC DHfK Leipzig in the Handball-Bundesliga. To provide some background information, SC DHfK Leipzig is a handball club from Saxony that is struggling financially, as evidenced by a loan agreement they recently signed with EMKA Immobilien Beteiligungs GmbH for 400,000 euros. The contract includes an 8% annual interest rate, with the first installment of 8,000 euros due in December 2024 and the full repayment expected no later than August 31, 2025. This news comes amidst a tough season for the club, as they are currently ranked tenth out of 18 teams with 10:10 points in the table. Could you please tell us more about the reasons behind this loan and how it fits into the club’s overall strategy for managing its finances? Additionally, what obstacles does the club face in finding financial stability in the future?
