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SBD Global/October 11, 2012/Finance
Bundesliga Club FC Nuremberg Reduces Its Debt, New Financial Numbers Reveal
Published October 11, 2012
MONEYMAKER: The DPA reported that the anniversary bonds of Bundesliga club Hamburg SV "have already generated €6.5M ($8.4M) in a little over a week." Hamburg, which celebrated its 125th anniversary in '12, "will use the generated money to finance a new youth academy". The club expects to generate €12.5M ($16.1M) through its bonds (DPA, 10/10).