Second division club Hamburger SV will have to be prepared for disagreeable questions when speaking to the town. The association would like to acquire in excess of the Hanseatic metropolis as guarantor for a 23 million euro personal loan from primary sponsor Hanse Merkur. “We have entered the screening course of action,” said sporting activities senator Andy Grote. “The road blocks are very substantial. It is a challenging approach.”
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The city is not too delighted that HSV normally expended the € 23.5 million it paid the club in autumn 2020 to order the property in the Volkspark. The connected intention that the HSV should use the dollars to renovate the stadium had not been applied by the club’s administration. Now the operating permit is threatened if, for illustration, the dilapidated roof membrane is not renewed. Additionally, internet hosting 5 EM 2024 matches at the Volksparkstadion is dependent on refurbishment and modernization.
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A doable denial of the assure by the metropolis could provide HSV back into the arms of investor Klaus-Michael Kühne. Simply because without having a guarantor, there is no loan from Hanse Merkur. Kühne presents an financial commitment of 120 million euros if he receives far more shares of the soccer club in trade. Presumably, in accordance to Kühne, he is not interested in extra electrical power in the club. The 85-calendar year-old billionaire is currently in talks with the standard club. “I have no information to give to HSV,” Grote claimed, “but I question this proposal will guide to fewer addiction.”
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