Clear criticism
The parent club of Hannover 96 doubts the legality of the German professional club’s investor deal. President Sebastian Kramer also expressed clear criticism towards the majority shareholder Martin Kind. “A managing director who acts contrary to the shareholder’s clear instructions is unacceptable. Likewise, a resolution under association law cannot be effective if it was made in violation of the same,” said Kramer to the “New Press“.
On Monday, the 36 German professional clubs voted on the billion-dollar deal. The necessary two-thirds majority was only barely achieved. The club, which was at odds with Kind’s side, had instructed the 79-year-old to vote against the deal. However, based on the names of the clubs that are said to have voted no, there are great doubts as to whether Kind did so.
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Some lawyers had recently expressed skepticism that the deal could be jeopardized by the dispute in Hanover. The parent club sees it differently. “First of all, we assume that upon closer legal examination, the DFL itself will be convinced that the decision is ineffective,” said Kramer.
Child had given the statement requested by the eV. However, he did not reveal how he expressed himself during the secret vote. “I answered that it was a secret ballot – and I stick to that,” he said. Child and the parent club look back on a long dispute. In the complicated structure of Hannover 96, Kind is on the capital side, while his opponents have been at the top of the 96 eV since 2019.
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The dispute also concerns the 50+1 rule in Hanover, which is intended to ensure that the parent clubs retain the right to issue instructions if they have spun off their professional football division into a corporation.
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