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SBD Global/September 20, 2013/Franchises

Businessman Offers $34M To Struggling Hamburg SV If Club Hires Magath As New Boss

Bundesliga club Hamburg SV, which recently fired its head coach and is currently 15th in the standings, "has received an offer from businessman Klaus-Michael Kühne," according to BILD. Kühne, who is the majority owner of logistics company Kühne + Nagel, said that he will provide the HSV with €25M ($34M) if it hires Felix Magath as new club boss. Kühne: "An investment of €25 million isn't impossible." However, the club's professional football department "would have first to be converted into a public holding company." Kühne added, "I think the fact that currently nobody wants to listen to me and talk to Magath is a huge mistake. It is unfortunate that the club doesn't want to build a relationship with me because we could achieve more together" (BILD, 9/19).
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