Currency Converter

Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).


SBD Global/September 20, 2012/Finance

Bundesliga's Hamburg SV Gives Fans Special Gift For Club's 125th Anniversary

Bundesliga club Hamburg SV "presented its fan bonds" in celebration of the club's 125th anniversary at a press conference on Tuesday, according to the DPA. The HSV "expects income of up to €12.5M ($16.3M) from the sale of its fan bonds." The club wants go ahead with the construction of a youth academy "HSV-Campus" even if the bonds generate only low interest. HSV CEO Carl Jarchow said, "We would only go ahead with the first few steps of the project. However, we don't think that this will be necessary." The HSV-Campus is supposed to be completely financed by the bonds and constructed in close proximity to the club's stadium. Jarchow said, "We want to optimize the club's youth development." Fan bonds, which have a seven-year duration and an interest of 7%, can be subscribed online at until the end of the year. The regular fan bond costs €500 ($651) (DPA, 9/18). 
Return to top

Related Topics:

Finance, Europe

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug