Bundesliga Club HSV Will Issue Bonds To Finance Youth Academy
Bundesliga club Hamburger SV "continues to increase its focus on youth development" and wants to build a new youth academy, according to the SID. The HSV "wants to issue fan bonds" in order to realize this project. The financially strapped club expects €12.5M ($15.2M) in revenue from "Anniversary Bonds." The money will be used to build the "HSV Campus," which includes a boarding school, training facilities and lecture halls, in close proximity to the Hamburg Arena and the club's practice facility. The bonds are supposed to be issued on Sept. 29, which is the 125th birthday of the HSV. They will have a duration of seven years with an interest rate of 6% (SID, 7/12).