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SBD Global/August 29, 2013/FranchisesPrint All
Former German hockey champions Hannover Scorpions "have a buy-back option after they sold their license to the Schwenninger Wild Wings," according to the DPA. Former Scorpions Owner Günter Papenburg on Tuesday confirmed a corresponding report. Papenburg: "It is an insurance clause for Schwenningen." The Scorpions sold their German Hockey League (DEL) license for about €1.2M ($1.6M) to the Wild Wings in May. Papenburg said, "We have agreed upon three separate installments. If Schwenningen can't or doesn't want to pay the second installment next year, then we will bring back the DEL license to the TUI Arena" (DPA, 8/27).
Scottish Premiership Heart of Midlothian Managing Dir David Southern "secretly backed the Foundation of Hearts buy-out more than a month before it achieved preferred bidder status," according to Alan Marshall of the Scotland DAILY RECORD. Southern was "among the first to set up a personal direct debit supporting the fan-ownership scheme -- but had to keep his commitment quiet while other parties were in the frame." Now, in an "open letter to Hearts supporters," Southern has "urged more fans to join him in signing up to the direct debit appeal before the first draw-down date for monthly payments on Monday." Southern: "We as supporters now have a golden opportunity to secure the future of the club for many generations to come" (DAILY RECORD, 8/28).