The insurance group Hanse Merkur grants Hamburger SV a loan to finance its stadium renovation. It is a loan of 23 million euros, the insurance company announced on Monday on request. “At the same time, we are an economically active company and in this respect it is assumed that appropriate guarantors are available,” informed the Hamburg insurance group.
community All topics related to HSVHave your say now! HSV CFO Dr. Thomas Wüstefeld wants to submit signatures from guarantors this week. UEFA has made the refurbishment and modernization a requirement if five games of the 2024 European Football Championship are to take place in the Volksparkstadion as planned.
In phase one, HSV wants to invest 20 to 24 million euros in the renovation and modernization of the Volksparkstadion, which has a capacity of 57,000 fans. The most important part of the work is the renewal of the 44,000 square meter roof membrane, which can cost up to 14 million euros. Without a stable roof, the people of Hamburg are threatened with the withdrawal of their operating license because the safety of the spectators is not guaranteed in storms and heavy snow.
In addition, the floodlight system is to be converted to LED, the loudspeaker system and sanitary facilities are to be renewed and air conditioning is to be installed in VIP rooms. Work is scheduled to begin during the World Cup break in November.
Hanse Merkur has been the main sponsor of HSV for three years since the start of the season. Their annual commitment is estimated at 3 million euros. “For us, the HSV is just as much a part of Hamburg as the Michel and the Elbphilharmonie. Therefore, as the new main sponsor of HSV, it is important to us to support the club as best we can in the modernization of the stadium in the sense of a true partnership,” the company wrote.
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Lukas Klünter | after the end of the contract at Hertha to Arminia | Market value: €1.2 million
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