2 Bundesliga Hamburger SV drives eleventh millions

Second division Hamburger SV has retracted the eleventh million minus in series because of the Corona Rise. HSV Football AG made a loss of 4.7 million euros in the past fiscal year (previous year: 6.7 million euros).

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Sales collapsed by 41.7 percent to 55.8 million euros, as the table sifted on Tuesday. Nevertheless, the Han seats were able to reduce their liabilities by 6.6 million euros to 51.2 million euros.

We have not experienced such a situation, and there are no prefabricated solutions to counteract such crisis, said Financial Officer Frank Weinstein: In the end, we have succeeded in having sufficient liquidity at any time.

In the corona crisis, the HSV sold its stadium plot to the city of Hamburg and got state aids. Without a question, these two measures have been in addition to the capital increase carried out elementary for crisis management, especially with regard to future challenges, said Weinstein, who will not extend his contract at the HSV in the summer.

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He said, With these solutions, we continued to reduce debt and maintain our equity, which should be beneficial with regard to upcoming financing.

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