The HanseMerkur insurance policies team grants a mortgage to the second division soccer club HSV to finance the refurbishment of the stadium. It is a bank loan of 23 million euros, the key sponsor of the Hanseatic League claimed on Monday on ask for.
“At the exact time, we are an economically lively company and in this feeling it is assumed that satisfactory guarantors are readily available,” knowledgeable the Hamburg insurance coverage group. Thomas Wüstefeld, CFO of HSV, had submitted a approach for the restructuring to the supervisory board of HSV and gained the environmentally friendly gentle from club president Marcell Jansen and Co. The healthcare entrepreneur, who owns shares in HSV Fußball AG, desires to current the signatures of the guarantors this 7 days.
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According to the 53-year-previous, the 2nd division football crew has discovered a remedy for funding. According to NDR info, HanseMerkur will intervene as a donor. Furthermore
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Logistics trader and billionaire Klaus-Michael Kühne also had in his much discussed Ensure available by 120 million euros to the club to finance the renovation of the stadium. Supervisory board chairman Jansen has it The 85-yr-old’s present, subject matter to numerous problems, was turned down on Monday. “It is not possible in this type,” explained eV president Jansen.
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The investor’s € 120 million give “can’t be executed in this sort,” claimed Marcell Jansen, chairman of the supervisory board. Furthermore
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The roof membrane is in urgent have to have of renewal
In the initially stage, the second division soccer staff desires to invest in between 20 and 24 million euros in the renovation and modernization of the Volksparkstadion, which has a capacity of 57,000 spectators. The most significant part of the perform is the renewal of the 44,000 m2 roof membrane, which can expense up to 14 million euros. With out a steady roof, the HSV dangers the withdrawal of the running license because the protection of the spectators is not certain in the occasion of thunderstorms and significant snow.
5 EM 2024 matches at the Volksparkstadion
In addition, the lighting technique ought to be converted to LED, the loudspeaker technique and bogs should be renovated and the air conditioning should be mounted in the VIP rooms. The get started of the will work is anticipated for the duration of the crack of the Entire world Cup in November. UEFA has produced refurbishment and modernization a need if 5 matches of the 2024 European Football Championship just take put at the Volksparkstadion as planned. The restructuring expenses of the Volksparkstadion are predicted to amount to up to 40 million euros. The town of Hamburg is staying mentioned as a guarantor of the million greenback loan.
Insurance coverage HSV most important sponsor because the beginning of the year
HanseMerkur has been HSV’s key sponsor for a few decades since the begin of the year. Their once-a-year commitment is believed at a few million euros. “For us, HSV is as considerably a element of Hamburg as Michel and Elbphilharmonie. That is why, as HSV’s new most important sponsor, it is vital for us, in the spirit of a partnership, to guidance the club as most effective we can modernize. the stadium, “wrote das Organization.
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Video: Bold Providing of Millions: Does HSV need to have the income urgently? (6 minutes)
