HSV board member Wüstefeld resigns – Boldt manages business alone

After serious allegations

Chief Financial Officer Dr. Thomas Wüstefeld has announced his resignation at Hamburger SV. In an extraordinary meeting of the supervisory board, the 53-year-old informed “that he is resigning from his supervisory board position with immediate effect and thus also from his interim role as a board member,” HSV announced on Wednesday evening. The supervisory board accepted the decision and decided that sports director Jonas Boldt “will initially lead the operative business of HSV as the sole director”.

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“I am aware of the responsibility and will approach the upcoming tasks in very close cooperation with my colleagues in the office as well as with the Supervisory Board and especially with the Finance Committee,” Boldt was quoted as saying in the press release.

Several allegations had been made against the medical entrepreneur Wüstefeld in the past few weeks. He denied a report about alleged illegal drug deals. “I can assure you that there is nothing to it,” he said recently, pointing out: “There is a campaign by competitors behind it.”

The News Magazine “mirror“ had reported that Wüstefeld started manufacturing cannabis products three years ago and offered oils containing cannabidiol as medicinal products. The Hamburg authority for justice and consumer protection checked whether the sale could have been illegal. The drugs are said to have come on the market via a Luxembourg company. In 2020, according to the report, the authorities there banned distribution and ordered a recall. Swiss control authorities have also found that the products “do not meet the basic requirements for medical devices,” it said.

dr Thomas Wüstefeld resigns with immediate effect.

The Management Board, delegated from the Supervisory Board, informed the Supervisory Board of its decision at an extraordinary meeting. #only the HSVhttps://t.co/JAk6MAdBvl

— Hamburger SV (@HSV) September 28, 2022

HSV investor Kühne outspoken opponent of Wüstefeld

Of the “mirror” and the “Hamburg evening paper“ had previously reported on business ties between Wüstefeld and HSV President and Supervisory Board Chairman Marcell Jansen, which could pose compliance problems. Billionaire Klaus-Michael Kühne, investor in the “Rothosen”, is considered an outspoken opponent of Wüstefeld, said in early August that he hoped that the board would “soon be history”. Kühne would like to support HSV financially again in the future, but had made some drastic demands to that effect.

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