Home Soccer Hamburg needs to purchase HSV stadium property

Hamburg needs to purchase HSV stadium property

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Hamburg (dpa) – The metropolis of Hamburg needs to purchase the stadium property within the Volkspark from Hamburger SV at a market worth of 23.5 million euros.

Together with Senator for Finance Andreas Dressel and Senator for Sports Andy Grote (each SPD), Frank Wettstein, Chief Financial Officer of HSV Fußball AG, introduced the conclusion of a letter of intent. Subject to the approval of the residents, the cash ought to stream on this yr.

The HSV will initially pay an annual floor lease of 1.8 p.c till 2087. “This shouldn’t be an HSV rescue bundle,” stated Wettstein, who additionally emphasised: “HSV wouldn’t be in danger within the present collection.” The stadium constructing stays within the possession of the second division staff.

The stadium within the Volkspark is the venue for the 2024 European Championship and should subsequently be extensively renovated. The letter of intent stipulates that the HSV is not going to make any additional calls for on the town after receiving the cash for the 75,961 sq. meter property.

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