Should secure sustainable success
© Imago
The members of Eintracht Frankfurt voted with a large majority for a capital increase at Fußball AG. 78.48 percent of the voting members voted for the application. This is intended to secure the sustainable continuation of the sporting and economic success and strengthen the equity of Fußball AG, as the club announced. According to the information, up to 66 million euros were approved, and around 22.5 million. “However, these will not be drawn from the start,” said board spokesman Axel Hellmann.
The scope of the capital increase must not exceed 368,333 new shares and must be at least 179.41 euros per share. New shareholders have to commit their voting rights to Eintracht Frankfurt e. V. to transfer. The latter would “acquire at least 67.89 percent of the newly outgoing shares, so that the capital measure does not reduce the amount of the association’s participation in the AG,” it said.
The members decided that the participation in Fußball AG must not fall below 67 percent without a two -thirds majority of the general assembly in order to strengthen their rights and to make proportions more difficult.
Hellmann in January: Capital increase through “economically higher wheel”
The capital increase reduces the economic risk from the point of view of harmony and forms an additional cushion in the event that sporting success is missed. This should avoid emergency sales from the player, but only if the offer is as good as in January at Omar Marmoush, which went to Man City for at least 75 million euros. “The fact that we need capital is not an expression of lack of ideas because we do not know how we scoop values, but an expression of a clear concept that we started under Fredi Bobic six or seven years ago,” Hellmann had explained at the beginning of the year.
At the beginning of the implementation of the concept, Eintracht was neither economically at today’s level nor is internationally relevant enough to attract large talents from home and abroad- that is different today: “We are now doing a higher bike economically, we have no squad value of 150 or 180 million, but from about 300. That is why we also have to hold up another capital, even in the licensing process. ”