Bundesliga Side Hamburg SV Announces Loss For Fourth Consecutive Season
Bundesliga club Hamburg SV "has made a loss for the fourth consecutive season," according to the SID. Hamburg Exec Chair Carl Jarchow said, "It will be less than €5 million ($6.8M)." The club, which remained in the top flight only after winning its relegation matchup, "was in the red during the previous season as well." The club hopes that "the decision four weeks ago to separate its professional football department from the main club will start the turnaround" (SID, 6/23).
LOST SEASON: 3-LIGA reported German 3rd League football club Energie Cottbus will lose €1.6M ($2.18M) "due to its relegation from the 2nd Bundesliga." The club will lose out on €800,000 ($1.09M) from TV rights, €300,000 ($410,000) in sponsorships and €500,000 ($680,000) in overall revenue (3-LIGA, 6/23).