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HSV is missing millions for stadium

According to a “picture” report, the Hamburger SV lacks at least ten million euros for the renovation of its Volksparkstadion for the 2024 football European Championship.

The total costs for maintenance and modernization of the arena are therefore even assessed at 18 million euros. In the Hanseatic city, four group games and a quarter -finals are to be played at the European Championship.

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Of the 23.5 million euros that the city of Hamburg transferred to the association in 2020 for the sale of the stadium property, only around eight million euros are still available, according to “Bild”. “The funds were no longer so explicitly available when I took over,” said CFO Thomas Wüstefeld, who followed Frank Wettstein on the board position in January this year. In addition, the HSV did not want to make any further statements.

The city had agreed with stadium owner HSV not to make any further contribution to the stadium renovation beyond the purchase amount. Since the HSV broke the audience revenue in Corona pandemic, the money was used according to “Bild” to maintain the game and other economic obligations.

The HSV has ended with a deficit every financial year for eleven years. Talks between Wüstefeld and the city on further help for the stadium renovation are said to have remained unsuccessful.