Monday, January 25, 2016

Handball insolvency: HSV leaves the Bundesliga immediately – FAZ – Frankfurter Allgemeine Zeitung

It’s all over. The Games of HSV Hamburg are canceled

Without money and without players of HSV Hamburg adopted in mid-season final of the Handball Bundesliga. Insolvency Gideon Böhm announced on Monday the debt with around four million euros club with immediate effect from the game of the elite league from, thus ending the current for more than 13 years project Bundesliga Handball in Hamburg.

Just a week earlier had been stripped end of the season the hamburgers the license. According to statutes they had the game year still allowed to terminate regularly, but had no team more. The 20 completed HSV games of the current season will be canceled and calculated from the table. Radical changes in the class does not exist.

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“The journey to the away games, the Costs for home games, the organization of the Games, the Managers and, not least, the players themselves are no longer to finance “Böhm said. “In any case, almost all players have now left the game operating company and have been to other clubs under contract.”

Bundesliga clubs, who had already sold tickets for upcoming home games against the fourth-placed Hamburg want reimburse these or arrange friendly matches. Actually, the HSV was supposed to start in two and a half weeks to the first game of the year at the SG Flensburg-Handewitt. The 6400-seat Flens-Arena was sold out. Rivals now consider legal consequences for the hamburger.

The former handball heavyweight HSV with European Cup victory in 2007, DHB Cup successes in 2006 and 2010, German Championship title in 2011 and the Champions League win in 2013 leaves in the Bundesliga a hole. The sad end of the professional teams had signed off with the opening of insolvency proceedings on 15 January. Meanwhile, ten professionals have left the club, including Adrian Pfahl (Frisch Auf Göppingen), Ilija Brozovic (THW Kiel) and Johannes Bitter (TVB 1898 Stuttgart). Other players such as top scorer Hans Lindberg act with prospects precisely the conditions of.

Böhm had prized the financial gap for the current game mode to two million euros and subsequently exempted professionals and employees of BetriebsGmbH. Funders who would have been ready for immediate emergency aid, would not be turned find. The declaration of liability of patron and former President Andreas Rudolph about 2.5 million euros was not worth the paper on which she stood.

Rudolph who hopes to have invested according to own data since 2004 up to 50 million euros in the club, had undermined the commitment with a recently become known supplementary agreement. >

 
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The heritage of the good stuff to compete eV, the U-23 team of HSV Hamburg. As Leader of the Oberliga Hamburg / Schleswig-Holstein it has taken this year’s rise in the third league in the eye and will in the medium term to break into the professional sector. However, as a stopgap for the insolvent professional team, the amateurs did not want to serve and refused to stand for the Bundesliga rest season.

The trouble due to massive distortion of competition would probably have been great, had the junior team played season to end. “If we had lost 18:43, the distortion of competition would be much greater than in case of cancellation of all games”, President Karl Gladeck said. Böhm now wants the existing assets of the operating company use in order to satisfy the creditors. The mass is not sufficient at present but from, according to the statement. The creditors must expect significant losses.

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