The Hanse Merkur insurance group grants the 2nd division soccer team Hamburger SV to fund his stadium renovation. It is a financing of 23 million euros, the insurance business stated on demand.
Additionally, the floodlight system is to be transformed to LED, the loudspeaker system as well as sanitary facilities are being renewed and also a/c systems are to be set up in VIP spaces. The job is scheduled to begin during the Globe Mug break in November.
In phase one, the HSV wishes to invest 20 to 24 million euros for the remodelling and also innovation of the 57,000 visitor. One of the most integral part of the work is the revival of the 44,000 square meter roofing system membrane layer, which can cost approximately 14 million euros. Without a steady roof covering, the Hamburgers endanger the withdrawal of the operating license since the protection of the target market is not assured in the event of a tornado as well as snow load.
Hanse Merkur has been the major enroller of the HSV given that the start of the season. Their annual dedication will certainly be approximated at three million euros. For us, the HSV comes from Hamburg in addition to the Michel and the Elbphilharmonie. That is why, as the new primary sponsor of the HSV in the sense of lived partnership, it is necessary to us to support the association as part of our possibilities in the innovation of the arena, wrote this Company.
HSV Money board participant Thomas Wüstefeld intends to present trademarks of guarantors this week. The UEFA has made the remodelling and innovation of a need and, as intended, are to take location in the 2024 football championship in the Volksparkstadion.
At the very same time, we are an economically acting business and in this respect it is called for that there are matching warranties, the Hamburg insurance group notified.