Executive Transactions Names In The News FFA Records $6.2M Profit For '13-14 La Liga Valencia Discards New Bat Logo Qatar Reveals Third WC Stadium Design Qatar Looks To Enter F1 Circuit Healthpoint Partners With Man City Sony Reportedly Will Not Renew FIFA Deal Portsmouth To Host America's Cup Races BBC To Show All FIFA Women's WC Games
SBD Global/February 6, 2013/FranchisesPrint All
German Handball Bundesliga (HBL) club HSV Hamburg "is restructuring itself as a limited partnership business entity," according to HANDBALL WORLD. Thereby, the club "is opening itself up to potential new investors." HSV Managing Dir Christoph Wendt said, "Our goal is to put HSV Handball on a broader foundation and therefore secure its future in Hamburg for the longterm." Hamburg media outlets reported that "the reason for the restructering is the withdrawal of longtime donor Andreas Rudolph." The company behind HSV Handball will from now on be listed as HSV Handball Betriebsgesellschaft mbH & Co. KG. The restructuring "is a step toward providing people with the opportunity to become a shareholder of HSV Handball and financially invest in the club as a partner." According to the club, people "can buy shares of HSV Handball for a minimum deposit" of €50,000 ($68,000) for which they become partners and obtain corresponding voting rights. The club said that "the restructuring does not affect any excising partnerships, sponsorships and fans" (HANDBALL WORLD, 2/4).