“Helps extremely”
VfB Stuttgart is expanding its cooperation with the sportswear manufacturer “Jako”. The company, based in Mulfingen in the Hohenlohe district, is extending its supplier contract, which originally ran until 2023, by a further six years to 2029 and is also becoming an investor in the Bundesliga club. “Jako” takes over 1.16 percent of the shares in the outsourced professional department of the Swabians and pays around 4 million euros for it, as VfB CEO Thomas Hitzlsperger announced at a joint press conference on Thursday.
“We have been working very closely and trustingly with Jako since July 2019. As a medium-sized company from the region, Jako shares our values and our passion, especially the claim to be a sustainable company. The fact that Jako is investing in the future of VfB as a shareholder is an important step in our investor strategy, which should also serve as a role model for other strong medium-sized companies in our region. We are very pleased that we can work together in the long term and break new ground together,” explained Hitzlsperger.
The investment is helping VfB, which was badly hit by the Corona crisis, “extremely to master the difficult situation a little bit better,” Hitzlsperger continued. However, it will not result in an attack on the transfer market. “In the current phase we cannot say: now we are going on a big shopping spree. We must continue to economize carefully.”. The money could “help, in the best case scenario, to keep a top player”. The most valuable professional in the VfB squad is the currently injured Silas Katompa Mvumpa (shoulder surgery) with a market value of 25 million euros. According to a report, the 23-year-old should be prepared to stay with the Swabians even in the event of relegation. Striker Sasa Kalajdzic (23) or central defender Konstantinos Mavropanos (24) are also said to be popular with other clubs (on the TM rumor mill).
With Silas, Maffeo & Co: The most expensive purchases of VfB Stuttgart
the #VfB Stuttgart and #JAKO remain long-term partners. The collaboration with the sporting goods manufacturer, which originally ran until 2023, was extended until June 30, 2029. The Swabian medium-sized company also acquires shares in VfB Stuttgart 1893 AG. pic.twitter.com/AVlstSSt6F
— VfB Stuttgart (@VfB) March 10, 2022
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