SV Werder Bremen has found several investors. The club now has income of almost 40 million euros.
In the past, Bundesliga club Werder Bremen was often plagued by financial worries. But the North Germans can now look forward to a decent sum of money, which should serve as the basis for a successful future for the club.
As the 2004 German champions announced on Thursday, the club had found a strategic partner. This is “a regional alliance of entrepreneurs and private individuals,” as the Hanseatic League announced. These would provide the club with 38 million euros. The whole thing is happening “as part of a capital increase”. The investors receive 18 percent of the shares in the spun-off corporation.
Investors with Werder affinity: Baumann there
Part of the alliance, from which the people of Bremen want to benefit in the future, is Harm Ohlmeyer and Kurt Zech, a current and a former member of the association’s supervisory board. Also there: Werder’s sports director and former captain Frank Baumann, who will be leaving this position at the end of the season.
According to “Deichstube”, the clear affinity of the investors for Werder should also soften the fans who are rather critical of investors getting involved. It is said that keeping the names secret would have been difficult to convey. That’s why the club was transparent in its announcement and announced that personalities close to Werder like Baumann were behind the million-dollar sum.
“Doesn’t guarantee us that we’ll play internationally”
Werder’s President Dr. Hubertus Hess-Grunewald was enthusiastic about the association’s solution. “This is an important step for Werder Bremen. With these partners, the management has precisely implemented the board’s strict guidelines,” said the 63-year-old. The desire was to find regional supporters. They also wanted to retain people “who are committed to the long term and who are primarily concerned with the development of Werder.” It was also important that the future partners had nothing to do with the operational business. Because, according to Hess-Grunewald: “Werder must remain Werder.”
Klaus Filbry, CEO of Bremer, also praised the investment and announced what the money would be used for. “We agreed with the new partners that we would use the money to strengthen the core football business at Werder Bremen,” he said. “Through this commitment, we gain more economic scope to further advance infrastructural measures.” They want to invest in young players with talent.
However, success would not automatically come with the new financial opportunities. “This investment does not guarantee us that we will play internationally with Werder in the next few years,” said Filbry. “But this step will give us a real boost in all areas.”