French League Approves Finance Model Eight Million Watch CL Match On ZDF Gladbach Expects Revenue Of $129M KTM Plans To Enter MotoGP In '17 Novgorod Receives Go-Ahead For Stadium Rangers Fans Refuse To Hand Over Cash PSG Partners With GDF Suez, Aurel BGC Finance Notes Freiburg To Hold Referendum On Stadium Around 900K Watch CL Games On Sky
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
SBD Global/December 17, 2012/Finance
Hamburg SV Loses $8.7M During '11-12 Fiscal Year, MSV Duisburg Saved From Bankruptcy
Published December 17, 2012
HELPING HAND: The SID reported 2nd Bundesliga club MSV Duisburg "has been saved from bankruptcy due to a further financial donation by club patron Walter Hellmich." Hellmich said, "A point deduction is off the table, the season is secured. The team, administration, coaching staff and numerous fans have asked me to not let the club die." Hellmich, who owns a construction company, will reportedly pay the final part to close an initially €5M ($6.6M) gap. Reports suggest that Hellmich will invest €600,000 ($790,000) of his private money in the club (SID, 12/16).