HSV’s million-euro plan: here’s the latest! | OneFootball

During the HSV general meeting, Henrik Köncke was elected as the new president. He is responsible for the establishment of the Supporters Trust, which is expected to bring the club around 100 million euros.

This involves a cooperative model, which also received approval during the general meeting at the Volksparkstadion. Through its introduction, HSV aims to generate up to 100 million euros over the next three years. Members will be given the opportunity to purchase shares in their club. Each season, 623,599 shares of HSV KGaA are to be issued.

As the Hamburger Abendblatt learned, the implementation is currently progressing rather slowly. The officials have realized that it is an enormously extensive project that requires the approval of the authorities. However, this cannot be realized in a short period of time. Therefore, it is highly unlikely that the sale of shares will begin this year.

HSV Board Discusses Supporters Trust

"The current status is that we will now concretely shape the membership's approval within a working group. We are working on establishing a cooperative to give members the opportunity to financially participate in the assets of the KGaA," said Vice President Michael Papenfuß recently in the HSV club podcast. The aim is to define a cooperative purpose so that the authorities do not get the impression of a sham cooperative.

An exact cooperative purpose is not yet known. "We have brought together all relevant persons and even have a first draft of the statutes. We now need to further develop this and have many discussions, for example with the cooperative association," reported Henrik Köncke, who was elected president in June. Currently, HSV is working with external experts, such as tax lawyers or legal experts, to complete the process.

Nur die Raute – All News about HSV

The plan is for the club to provide its members with an update within the current calendar year. It is expected to become concrete in the first quarter of 2026. During this period, the next general meeting could also take place. The HSV board's proposal, which is also relevant to the Supporters Trust, to adjust the fiscal year to the calendar year, deviating from the outsourced football department, did not receive the necessary majority at the last general meeting.

Photo: IMAGO

This article was translated into English by Artificial Intelligence. You can read the original version in 🇩🇪 here.