Kothny explains Türkgücü's stock market plan: "Dependence on one person is not healthy"

Türkgücü is hoping for eight million euros from the IPO.

What does the club intend to do with the money?

How big are the hopes?

Max Kothny explains.

Munich - Türkgücü Munich * goes public.

From now on the shares are available.

The third division team is hoping for eight million euros in the subscription period.

This should enable great goals to be achieved.

Managing director Max Kothny explains the background at a press conference.

Türkgücü managing director Max Kothny on ...

... the preparations:

“For the last six months we have been working intensively on how Türkgücü can develop further and how we can advance our professionalization.

We have converted the rigid GmbH to a GmbH & CoKGaA.

This gives us the opportunity to sell shares - as part of a capital increase. "

... what should be done with the millions of shares:

"Our goal is ambitious: It is to make the way to the 2nd Bundesliga as quickly as possible, to build a youth performance center.

And unfortunately the money does not fall from the sky.

In this way we give investors the opportunity to participate in this path. "

... the beginning of the subscription period:

"The whole thing will start today (Thursday, August 26th, dR) and will last until October 15th."

... the process:

“The shareholders subscribe via an online platform.

The shares are created over the subscription period and each investor receives his or her part in the custody account.

Our goal is to be listed on the Munich Stock Exchange in 2021. "

... further capital increase:

"We are currently doing this capital increase and only want to do one listing on the stock exchange for the time being.

A further capital increase is not ruled out. "

... how shares can be acquired:

“You need a share portfolio. Our partners negotiated a special deal for shareholders. So that you can create a free depot. There is a subscription slip, then the shares are created and every investor receives them. "

... new independence from Hasan Kivran:

“In the course of the conversion, Hasan Kivran sold part of his shares. But it is still over 80 percent. By creating new shares, of course, his shares also improve. It is important for the club to have a broad base. Dependence on one person cannot be healthy for a club - it is not healthy either. Of course, we don't want to break away from Hasan Kivran, but we want to take some of the financial burdens off of him. It is important to have a broad structure so that we can simply create a clean basis. "

... Feedback from any sponsors:

“I have received a lot of emails from all over Germany.

Of course, we spoke to sponsors immediately after BAFIN approved it.

We will now also do a roadshow and present Türkgücü even further. "

... Hasan Kivran's financial outlay to date:

"We are talking about around 6 million euros that have flowed into the club so far."

... the investment plan:

“On the one hand, the management has to be financed. We want to move up to the 2nd division. You need the maximum there. But of course that's not all. A young talent center is essential. We talked to the city of Munich about where this can be set up. We could now build it ourselves. It is primarily a matter of financing cadres and NLZ. These are the things that will continue to increase the company's value in the future and in which the shareholders can also participate. "

... what is important to him:

“Türkgücü is a club that has been in constant change for four or even five years. We rose from popular sport to professional football in a very short time. We have created structures that can still be expanded. Football is geared towards the long term. Türkgücü has to establish itself there. With the unique selling point of the Melting Pot, I see a very clear justification for Türkgücü. ”

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