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SBD Global/April 28, 2014/Finance

German Investment Group HFK Considering Acquiring Polish Football Side Korona Kielce

German investment group HFK is considering buying Polish football club Korona Kielce, according to Jaroslaw Adamowski of INSIDE WORLD FOOTBALL. The club is owned by the "city of Kielce whose authorities are currently negotiating the potential sale." Kielce Mayor Wojciech Lubawski said, "I have informed our partners on the troubled situation of the club in a detailed manner. They approached the issue with understanding, and they didn't drop the talks." Speaking of the "club's troubles," Lubawski made a reference to the "recent dismissal" of Korona CEO Tomasz Chojnowski, who was ousted "amid accusations of mismanagement and embezzlement of funds at the club." The city "currently holds a 100% stake in Korona." From '02-08, the club was owned by local businessman and current sponsor Krzysztof Klicki (INSIDE WORLD FOOTBALL, 4/25).
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