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Volume 10 No. 25
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German Billionaire Klaus-Michael Kühne Offers To Save Bundesliga Club Hamburg SV

German billionaire Klaus-Michael Kühne said that "he would make a big investment in Bundesliga club Hamburg SV if club members decide in favor of the 'HSVPlus' restructuring proposal at their meeting" on Jan. 19, according to BILD. Kühne said in a statement that "HSVPlus is the best alternative to the club's current structure." The reform concept proposes that the club's football department will be separated from the main club and turned into a public holding company and the board reduced from 11 to six members. The 76-year-old added, "That's the reason why I can imagine supporting this concept in an extensive way as a strategic partner." At the same time, Kühne "is hoping for additional investors." He said, "I connect [this possible invesment] with the expectation that other important partners will be acquired in order to stabilize and further develop the club." Sources said that Kühne's investment would be in the area of €25M ($34M). It is a significant number considering that the club has a reported debt of €100M ($136M) (BILD, 1/7).