Investor Klaus-Michael Kühne is a controversial figure in the Hamburger SV fan scene
picture alliance / dpa
An investment of 120 million euros has been promised to Hamburger SV.
But that will only happen if the second division club agrees to the demands of billionaire Klaus-Michael Kühne.
The 85-year-old would only provide the money through his company Kühne Holding AG if the heavily indebted HSV agreed to a “ten-point program to restructure the traditional Hamburg club”.
Kühne announced this on Thursday afternoon.
With his demands, the entrepreneur, whose fortune is estimated at around 36 billion euros by the US business magazine "Forbes", would have greater influence on HSV.
So far, Kühne has held around 15 percent of the shares in the outsourced professional division HSV Fußball AG.
His share would rise to almost 40 percent, HSV eV would only own 50.1 percent (previously around 75) - the minimum for compliance with the 50+1 rule.
This step would require the consent of the members.
To this end, one should "convene an extraordinary general meeting as soon as possible," the statement said.
Not only financially, but also structurally, Kühne sets conditions for his investment.
The ninth point of his program says: "The Supervisory Board and Executive Board of HSV Fußball AG will be filled in such a way that the club is managed properly, competently and success-oriented".
In addition, Kühne wants to be given the right, like the parent association, "to delegate two people named by them to the supervisory board".
Uwe-Seeler-Stadion instead of Volksparkstadion
In point one of the program, Kühne calls for the formation of a permanent working committee, composed of the club and Kühne Holding AG, »which deals with the structural financial and sporting development of HSV Fußball AG, develops common goals and monitors their implementation, as well as the staffing of committees advises".
In addition, Kühne would like to rename the Hamburg stadium.
The Volksparkstadion is to become the Uwe-Seeler-Stadion.
"For a period of 10 years" he was ready "to pay an annual fee of EUR 3-4 million for the naming rights to HSV Fußball AG, i.e. a total of EUR 30-40 million over a ten-year period," it said Message.