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FC Hansa makes historic debt reduction
🇩🇪 Germany /Economy & Trade

FC Hansa makes historic debt reduction

From Die Zeit · () German

Translated from German, summarized and contextualized by DistantNews.

At a glance

News Named sources Outcome reported
  • FC Hansa Rostock has repaid 8 million euros of its debt to investor Rolf Elgeti, reducing its total liabilities to approximately 3 million euros.
  • The significant debt reduction was made possible by revenue increases and the sale of player Ryan Naderi for around 6 million euros.
  • Investor Rolf Elgeti had previously saved the club from insolvency in 2015 by taking over 21 million euros in loans.

FC Hansa Rostock has achieved a significant debt reduction, paying off eight million euros of its liabilities to investor Rolf Elgeti ahead of schedule. The football club announced at a member forum that its total debt now stands at approximately three million euros. This figure includes 1.6 million euros owed by the Ostseestadion GmbH and 1.4 million euros by FC Hansa Rostock e.V.

Club chairman Ronald Maul described the debt reduction as a "historic step" for FC Hansa. He attributed the achievement to revenue growth in recent years and the sale of striker Ryan Naderi to Glasgow Rangers for about six million euros. Maul stated that the club can pursue this financial path without compromising its sporting and operational plans.

Rolf Elgeti and his company, Obotritia Capital KGaA, initially rescued FC Hansa from insolvency in 2015. At that time, Elgeti assumed 21 million euros of the club's loans and received a 45 percent stake in the operating company, FC Hansa Rostock GmbH & Co. KGaA, which he retains. The parent club, FC Hansa Rostock, holds the remaining 55 percent.

DistantNews Editorial

Originally published by Die Zeit in German. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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