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SBD Global/November 16, 2012/Facilities
Bundesliga Club SC Freiburg Will Build New Stadium Instead Of Renovating Current One
Published November 16, 2012
ROSTOCK STADIUM: The DPA reported German 3rd League football club Hansa Rostock "is planning to sell shares of the club-owned DKB-Arena, in order to increase the long-term competitiveness of the club." Club sources said that Rostock generated a positive revenue of almost €3.6M ($4.6M). However, the millions lie because they are the result of partial acquittal by the Rostock finance authority and creditor banks. Club Chair Bernd Hofmann said, "We currently have, despite the positive revenue, liabilities exceeding our assets on our balance sheets, a negative net worth of €6.6M ($8.4M). This number is simply too high for FC Hansa" (DPA, 11/14).