2nd division football club HSV hopes that the city of Hamburg will assurance element of the 1 million euro financial loan from key sponsor HanseMerkur for the refurbishment of the stadium. But the Senate is unwilling to make a motivation.
“I have normally mentioned that the ball is in the HSV court docket. The difficulty of the assurance is pretty, pretty demanding. There are many legal difficulties,” Finance Senator Andreas Dressel informed Hamburger Abendblatt. Nonetheless, the SPD politician signaled to the closely indebted next division club that the metropolis could action in as a guarantor underneath selected situations.
“We have often claimed that we are not versus speaking about EM 2024 which will also take spot in Hamburg. I have clarified the best obstructions,” explained the 47-yr-previous.
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The insurance plan group has been the major sponsor of the next division football workforce because the starting of the time. The metropolis of Hamburg is staying reviewed as a guarantor of the million dollar loan. Moreover
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Volksparkstadion desires to be renovated at a significant expense
HSV will have to renovate and modernize the Volksparkstadion, in unique to guarantee the basic safety of visitors and generate the circumstances for the 2024 European Championship. 5 matches will be played in the arena in the continental title fights. The money quantity for the refurbishment of the stadium is anticipated to be amongst 30 and 40 million euros. In the 1st section, HSV intends to invest in between 20 and 24 million euros in the renovation and modernization of the 57,000-seat arena.
The most critical section of the perform is the renewal of the 44,000 m2 roof membrane, which can value up to 14 million euros. With out a stable roof, the Hamburgers possibility the withdrawal of the operating license mainly because the protection of the spectators is not assured in the function of thunderstorms and weighty snow.
The primary sponsor grants HSV a million greenback loan
HSV board member Thomas Wüstefeld experienced Sunday in The job interview with the NDR points out that he identified a alternative to finance the do the job. The subsequent day, principal sponsor HanseMerkur informed the traditional club grant a financial loan of 23 million euros. When the bank loan is granted, however, it is a prerequisite “that enough guarantors are out there,” the insurance plan group explained.
According to NDR details, a massive aspect of the HanseMerkur loan sum is already secured.
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According to the 53-yr-old, the second division football team has discovered a solution for funding. In accordance to NDR info, HanseMerkur will intervene as a donor. Furthermore
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The investor’s € 120 million offer “are not able to be implemented in this type,” reported Marcell Jansen, chairman of the supervisory board. Moreover
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The investor only desires to make a different dollars injection offered if HSV accepts its restructuring software, and it truly is hard. In addition
