Hangin' With ... Gregor Derichs Nürburgring Continues Negotiations Bundesliga Reports Record Revenue Billionaire Invests $21M In Hamburg SV Video Showcases Margaret Court Arena EPL Swansea Preparing To Buy Stadium Stadium Costs Similar In Russia, Europe Wanderers May Seek Exemption From AFC Berlusconi Denies Sale Plans IHF President Criticizes ARD, ZDF
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
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).