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Bundesliga Club 96 Welcomes Two New Shareholders

German Bundesliga club Hannover 96 "improved its financial foundation" by adding two new shareholders, according to the DPA. The Europa League participant welcomed drugstore chain owner Dirk Roßmann and entrepreneur Detlev Meyer as new shareholders. Additionally, the current shareholders will "increase their investments in the club." According to team, the increase in share capital will be in the "double-digit million" area. Hannover 96 President Martin Kind said, "Through this increase in share capital we now have the necessary means to continue the development of the brand Hannover 96, and to invest in our new youth academy" (DPA, 6/29).

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