Second division soccer team FC St. Pauli wants to improve its economic situation by founding a cooperative and build up more equity. President Oke Göttlich announced this at the association’s general meeting in the Hamburg Congress Center.
The club has “revived an idea from the membership and examined, discussed and pushed it forward in the past few months,” said Göttlich in front of the more than 700 voting members of the second division table leaders.
“It’s about a financing model that suits FC St. Pauli and is based on participation.” The prerequisites should be created by the first half of 2024 to found a cooperative. “We have the courage to take this step and to set up our own financing,” he said. He did not give any further details.
Economically, FC St. Pauli is back on a growth path after the Corona years, but suffered a loss of 4.9 million euros in the 2022/23 financial year. Sales rose to a record 62 million euros.