Status: 08/25/2020 12:36 p.m.
The second division soccer club Hamburger SV is not only faced with a sporty side uncertain future. Financially, too, the Hanseatics are apparently worse off than ever before. According to information from NDR 90.3, the club’s balance sheet minus for the past season is just under eight million euros. Actually, those responsible wanted to present a balanced result at the end of the financial year. But the corona pandemic and its consequences ruined these plans.
Capital used up in winter?
As far as the new financial year is concerned, the prospects for HSV are even bleak. As NDR 90.3 learned from the management of HSV Fußball AG, the club calculates a minus of 30 million euros.
The sum could be even higher if, for example, no new sponsor for the stadium name can be found. Investor Klaus-Michael Kühne last paid four million euros a year, but left. Since 2011, Hamburg has accumulated losses of 74 million euros.
The HSV’s supervisory board still has to approve this calculation, but will in all probability do so. Some club members now fear that the equity capital of 41.9 million euros could be used up in winter. In the background there are already considerations to let the members vote on a further sale of shares in HSV Fußball AG, which was categorically ruled out at a general meeting almost two years ago.
NDR 90.3: financial disaster at HSV
08/25/2020 12:58 pm Author: Kehrhahn, Britta
HSV is facing very difficult times financially. According to information from NDR 90.3, those responsible at the Hanseatic League calculate with a two-digit million minus.