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SBD Global/November 7, 2012/Finance
Bundesliga Club Werder Bremen Announces $17.8M In Losses For Fiscal Year '11-12
Published November 7, 2012
FORTUNE FOR FORTUNA: GOAL.com's Jan Schultz reported that Bundesliga club Fortuna Dusseldorf "generated a positive financial result for the first time in 16 years." Team CFO Paul Jäger "announced a profit of €800,000 ($1M) in front of more than 1,000 club members." Jäger said, "For the first time in a long time, the club again has positive assets of €63,988.04 ($81,900)" (GOAL.com, 11/6).
IN HIGH DEMAND: Bundesliga club Hamburg SV "will increase the subscription volume of its successful fan bonds by an additional €5M ($6.4M)." The initial fan bonds to finance a new youth campus with a subscription volume of €12.5M ($16M) "have been sold out after only 17 days." Starting on Nov. 15, the club "will issue a new set of fan bonds" (SID, 11/5).