More Than 5M Watch Women's World Cup First Look At DFL Media Rights Tender Politicians Tried To Influence WC Vote Hertha To Sign Deal With Bet-At-Home Japan Approves Tokyo's $2B Olympic Stadium Nissan Sponsors Swiss Football League MasterCard Renews UEFA CL Deal Hangin' With ... John Anthony More Than 2.5M Watch World Cup Match Alba Berlin Opens Office In Beijing
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
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).