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SBD Global/August 29, 2013/Franchises

Former Hockey Champions Hannover Scorpions Have Buy-Back Option For DEL License

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).
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