HSV Football AG

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HSV Football AG

logo
legal form Corporation
founding June 27, 1991
(as HSV Sport AG)
Seat Hamburg
management
Number of employees Ø 312 (2017/2018)
Branch Soccer
Website hsv.de

The HSV football AG (formerly HSV Sport AG ) is a public company based in Hamburg , the share of Hamburger Sport-Verein e. V. , Kühne Holding AG , Helmut Bohnhorst , the heirs of the late Alexander Margaritoff and the Burmeister family. She runs the professional football department and the youth departments from U16 onwards at HSV. Your shares are not traded on the stock exchange.

history

HSV Fußball AG was founded on June 27, 1991 by the then HSV President Jürgen Hunke under the name "HSV Sport Aktiengesellschaft" (from 2009 "HSV Sport AG") and has since been registered in the commercial register at Hamburg District Court under number HRB 47576 . The aim was to obtain 36 million DM for the HSV by selling 36,000 shares for 1,000 DM , but this failed and was not implemented. She fulfilled a holding function for the subsidiaries and associated companies of Hamburger SV and was not operational.

Caused by a financial and sporting crisis, 86.9% of the members of Hamburger SV eV voted on May 25, 2014 as part of the “HSVPlus” reform model. V. for a spin-off of the licensed players' department into HSV Sport AG. HSV Sport AG was renamed HSV Fußball AG and became operational on July 7, 2014.

In September 2016, HSV Fußball AG placed a promissory note loan of 40 million euros on the capital market. It has a term until 2026 and earns interest at 5 percent per year. Of this, 25 million euros will flow back to Klaus-Michael Kühne, who had previously lent this amount to the AG to replace the stadium loan. The remaining sum is to be used to finance investments in the HSV campus and the Volkspark Stadium.

Share capital and shareholders

The share capital has been provided during the spin-off of the professional squad by issuing 400,000 new shares by 400,000 euros from 3.1 to 3.5 million euros increase . The Management Board is authorized (with the consent of the Supervisory Board) to increase the share capital for a maximum of five years after the amendment to the Articles of Association has been registered (on July 7, 2014) by issuing new registered shares at a nominal value of EUR 1.00 (nominal value shares) against contributions in kind or in cash to be increased several times, but no more than a total of 1,750,000 euros (so-called authorized capital ). After five capital increases from the authorized capital in 2015 (most recently on November 25, 2015), the share capital amounts to 4,086,322 euros. Up to 24.9 percent of the shares can be sold to strategic partners, from a sale of 25 percent the general meeting of the e. V. be interviewed. According to the 50 + 1 rule , the e. V. with a stake of at least 50 percent plus one share in the share capital majority shareholder of the AG at least as long as the rule is in force. Initially, the shares were fully acquired by Hamburger SV e. V. held.

On January 22, 2015, Klaus-Michael Kühne acquired 7.5 percent of the shares in the AG for EUR 18.75 million. On March 20, 2015, Helmut Bohnhorst acquired 1.5 percent of the shares for four million euros. In the same year, the entrepreneur Alexander Margaritoff, who died in May 2016, acquired a further 0.79 percent of the AG shares for 3.8 million euros. In February 2016 the brothers Gerhard, Heino and Maik Burmeister, together with their father Ernst Burmeister, who was killed in a robbery in September, acquired 1.5 percent of the shares for 4.03 million euros. In addition, an older loan from Klaus-Michael Kühne in the amount of 9.25 million euros was converted into a further 3.5 percent of the shares, so that he now owned a total of 11 percent of the shares in the AG.

At the end of April 2017, in order to secure the license for the first and second Bundesliga, Kühne announced that he would take over further shares in the AG as part of a capital increase by 312,500 shares, so that his share has since been 17 percent and the percentage of the other shareholders in the Adjusted share capital accordingly. In November 2017 it was announced that Kühne had acquired additional shares, so that his stake has since been 20.6 percent.

The current shareholders are (as of February 2019):

shareholder proportion of
Hamburger Sport-Verein e. V. 76.2%
Kühne Holding AG 0020.6%
Minority shareholders 003.2%

Management structure

Board

The supervisory board appoints the members of the management board and determines their number. The management of the company is incumbent on the board of directors. The current board consists of:

Supervisory board

The supervisory board consists of 5 members. The President of Hamburger SV e. V. is a born member , the other members are elected by the general assembly . In particular, the supervisory board is responsible for monitoring the management activities of the management board. A term of office lasts until the end of the general meeting that decides on the discharge for the fourth financial year after the start of the term of office, whereby the financial year in which the term of office begins is not counted (currently until the general meeting, which on the discharge of the financial year 2021 / 2022). Since its constituent meeting on February 6, 2018, the Supervisory Board has consisted of the following members; at the Annual General Meeting in June 2019, the Supervisory Board was expanded and Markus Frömming was elected as the 7th member of the body. On March 28, 2020, the previous chairman Max-Arnold Köttgen and e. V. Vice-President Thomas Schulz back from the committee.

Previous chair

The board and supervisory board chairmen have been listed since the spin-off. As of March 28, 2020, there is no longer a CEO.

CEO
Period Surname
2014-2016 Dietmar Beiersdorfer
2016-2018 Heribert Bruchhagen
2018 Frank Wettstein 1
2018-2020 Bernd Hoffmann
2020– Jonas Boldt & Frank Wettstein 2

1 Frank Wettstein was the sole director after Bruchhagen's removal from office.
2 Since Hoffmann's release, Boldt and Wettstein have been managing the AG as a board duo

Chairman of the Supervisory Board
Period Surname
2014-2016 Karl Gernandt
2017-2018 Andreas Peters
2018 Michael Krall
2018 Bernd Hoffmann e. V.
2018-2020 Max-Arnold Köttgen
2020– Marcell Jansen e. V.

e. V. At the same time president of the Hamburger Sport-Verein e. V.

The HSV Group

Subsidiaries

HSV Fußball AG had five subsidiaries . HSV Fußball AG held 99 percent of HSV Stadion HSV Vermögensverwaltungs-GmbH & Co. KG , which owned the Volksparkstadion . The remaining percentage was held by SPORTFIVE GmbH & Co. KG in trust until 2020. The reason for this was that Sportfive gave Hamburger SV a loan of 24.25 million marks when the stadium was being renovated and a rental guarantee . Its general partner was HSV-Vermögensverwaltungs GmbH , in which Sportfive also holds one percent in trust.

The operator of the Volksparkstadion was HSV-Arena GmbH & Co. KG , which u. a. also responsible for ticketing, sponsoring and merchandising and was a wholly owned subsidiary of HSV Fußball AG. Sportfive also held a 25 percent stake in its general partner, HSV-Arena Verwaltungs GmbH .

The companies were deleted from the commercial register in March 2016 and merged with HSV Fußball AG.

The currently only subsidiary is HSV-Campus gGmbH , in which HSV Fußball AG has a 75 percent stake. The non-profit GmbH is the owner of the HSV campus and rents it to HSV Fußball AG. Alexander Otto holds the remaining 25 percent . All surpluses go to charitable sports projects run by Hamburger SV e. V. benefit.

Key figures

The following list contains the consolidated financial statements of HSV Fußball AG and its subsidiaries since the professional football department was outsourced. The Group's financial year begins on July 1st and ends on June 30th of the following year and thus corresponds to a football season.

Fiscal year Sales 1 Annual result 1.2 Liabilities 1 Place Liga 3
(planned / achieved)		 Round cup 3
(planned / achieved)		 source
2013/14 * 092 million - 6.6 million 90.5 million 06/ 16 Round of 16 / quarter-finals
2014/15 128.1 million - 16.9 million 89.1 million 10/ 16 2nd round / 2nd round
2015/16 123.0 million - 0.2 million 75.1 million 12/ 10 - / 1st round
2016/17 122.1 million - 13.4 million 105.5 million 10/ 14 Round of 16 / quarter-finals
2017/18 133.6 million - 5.8 million 85.5 million 12/ 17 - / 1st round

* Since the economic spin-off took place on January 1, 2014, the comparability of the 2013/2014 financial year is only possible to a limited extent
1 Figures in euros, rounded to one decimal place
2 Annual result after taxes
3 See the forecast report in the consolidated financial statements or the group management report of the previous year

Web links

Individual evidence

  1. ↑ See p. 11 of the annual financial statements for the 2017/2018 financial year under key figures .
  2. ↑ Alexander Margaritoff dead , May 24, 2016, accessed on May 24, 2016.
  3. ↑ firmendb.de: HSV Fußball AG
  4. ↑ Hamburger Abendblatt : Far more than eleven men in jerseys , June 18, 2011
  5. ↑ HSV is already holding talks with Dietmar Beiersdorfer , Die Welt, May 25, 2014, accessed on May 26, 2014.
  6. ↑ Hamburger SV: HSV Fußball AG registered - Presidium of HSV eV constituted ( memento of the original from October 14, 2014 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. , July 8, 2014. @1@ 2Template: Webachiv / IABot / www.hsv.de
  7. ↑ Hamburger SV: HSV general meeting decides to outsource ( memento of the original from May 25, 2014 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. , May 25, 2014 @1@ 2Template: Webachiv / IABot / www.hsv.de
  8. ↑ HSV Fußball AG places long-term financing hsv.de, September 14, 2016
  9. ↑ HSV places 40 million euro bond kicker.de, September 14, 2016
  10. ↑ See Section 4, Paragraph 1 of the Articles of Association of HSV Fußball AG ( Memento of the original dated December 19, 2014 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. . @1@ 2Template: Webachiv / IABot / www.hsv.de
  11. ↑ Hamburger SV: Kühne gets in and presents the Volksparkstadion ( Memento of the original from January 22nd, 2015 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , January 22, 2015, accessed January 22, 2015. @1@ 2Template: Webachiv / IABot / www.hsv.de
  12. ↑ Hamburger SV: "I want to set an example!" - Interview with the new HSV Fußball AG shareholder Helmut Bohnhorst. ( Memento of the original from April 14, 2015 in the Internet Archive ) Info: The archive link was inserted automatically and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. ; HSV.de from April 14, 2015, accessed on April 14, 2015. @1@ 2Template: Webachiv / IABot / www.hsv.de
  13. ↑ kicker online : HSV sells 1.5 percent of its shares , April 14, 2015, accessed on April 14, 2015.
  14. ↑ Former Hawesko boss Alexander Margaritoff has died , Finance , May 25, 2016, accessed on May 26, 2016.
  15. ↑ Sven Clausen: Ex-Hawesko owner joins HSV. In: www.manager-magazin.de. Retrieved on May 26, 2016 (German).
  16. ↑ HSV investor Ernst Burmeister dies after the attack - manager magazin. Retrieved September 12, 2016 .
  17. ^ HSV: Fresh money and a new Kühne deal. In: kicker online. Retrieved February 7, 2016 .
  18. ↑ Sport1.de: Cash injection: Fruit dealer Burmeister invests in Hamburger SV. In: Sport1.de. Accessed February 7, 2016 (German).
  19. ↑ Hamburger SV: HSV fulfills license requirements for Bundesliga and 2nd division , May 11, 2017, accessed on May 11, 2017.
  20. ↑ SECURITIES PROSPECTUS HSV-ANLEIHE 2019 | 26, p. 87, PDF (1.28 MB).
  21. ↑ § 5 Paragraph 2 Statutes of HSV Fußball AG
  22. ↑ § 6 Paragraph 1 Statute of HSV Fußball AG
  23. ↑ HSV Fussball AG - Board member hsv.de
  24. ↑ § 7 Paragraph 2 of the Articles of Association of HSV Fußball AG
  25. ↑ § 9 para. 2 lit. a. Articles of Association of HSV Fußball AG
  26. ↑ § 7 Paragraph 3 of the Articles of Association of HSV Fußball AG
  27. ↑ Hamburger SV: The new HSV supervisory board has been confirmed , February 6, 2018, accessed on February 6, 2018.
  28. ↑ Decision to expand the supervisory board , hsv.de, June 3, 2019, accessed on June 4, 2019.
  29. ↑ HSV Supervisory Board releases CEO Bernd Hoffmann , hsv.de, March 28, 2020, accessed on March 31, 2020.
  30. ↑ Hamburger Abendblatt : Prominent new candidate for the Supervisory Board , December 8, 2017, accessed on February 6, 2018.
  31. ↑ Gernandt: "I am resigning as chairman of the supervisory board" , hsv.de, December 13, 2016, accessed on January 23, 2019.
  32. ↑ a b Annual financial statements as of June 30, 2017 and management report for the 2015/16 financial year ( memento of the original from October 26, 2017 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / hsvcmsroot-v.azureedge.net
  33. ↑ New HSV supervisory board has been established , hsv.de, February 6, 2018, accessed on January 23, 2019.
  34. ↑ Supervisory Board releases Heribert Bruchhagen , hsv.de, March 8, 2018, accessed on January 23, 2019.
  35. ↑ The Supervisory Board delegates Bernd Hoffmann to the Management Board , hsv.de, May 26, 2018, accessed on January 23, 2019.
  36. ↑ HSV Supervisory Board releases CEO Bernd Hoffmann , hsv.de, March 28, 2020, accessed on March 28, 2020.
  37. ↑ Hamburger Abendblatt: Far more than eleven men in jerseys , June 18, 2011, accessed on June 5, 2015 and the annual financial statements in the Federal Gazette
  38. ↑ HSV-Stadion HSV-Vermögensverwaltungs GmbH & Co. KG , northdata.de, accessed on April 14, 2020.
  39. ↑ HSV-Arena GmbH & Co. KG , northdata.de, accessed on April 14, 2020.
  40. ↑ Hamburger SV: Otto donates 10 million euros for campus construction ( Memento of the original from January 28, 2015 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , January 25, 2015, accessed January 25, 2015. @1@ 2Template: Webachiv / IABot / www.hsv.de
  41. ↑ a b See the consolidated balance sheet of HSV Fußball AG as of June 30, 2014 ( PDF ( Memento of the original from March 18, 2015 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this note .; 6,879 kB) and the forecast report in the consolidated balance sheet of HSV eV as of June 30, 2013 ( PDF ( Memento of the original from September 24, 2015 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked . Please check the original and archive link according to the instructions and then remove this note .; 121 kB). @1@ 2Template: Webachiv / IABot / www.hsv.de @1@ 2Template: Webachiv / IABot / www.hsv.de
  42. ↑ See the consolidated balance sheet of HSV Fußball AG as of June 30, 2015 ( PDF ( Memento of the original from February 12, 2016 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and remove then this note .; 169 kB) and the forecast report in the group management report of HSV Fußball AG as of June 30, 2014 ( PDF ( Memento of the original from February 12, 2016 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this note .; 169 kB). @1@ 2Template: Webachiv / IABot / www.hsv.de @1@ 2Template: Webachiv / IABot / www.hsv.de
  43. ↑ Annual financial statements as of June 30, 2016 ( Memento of the original from October 26, 2017 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. and Group management report as of June 30, 2015 ( memento of the original dated November 7, 2017 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / hsvcmsroot-v.azureedge.net @1@ 2Template: Webachiv / IABot / hsv.de
  44. ↑ Annual financial statements as of June 30, 2018 and management report for the 2016/17 financial year