Hamburger SV: K-M Kühne will not become a shareholder, the club will have to repay €25 million

The German billionaire Klaus-Michael Kühne will not become shareholder of HSV Fußball AG, the company that holds the professional license of the football section of Hamburger SV (Bundesliga), according to the German daily Hamburger Abendblatt on 19/12/2014.

Klaus-Michael Kühne, a supporter of the club and owner of the transport company Kuehne + Nagel International AG, has lent €25m to Hamburger SV since 2012 (€8m in August 2012 and €17m on 04/08/2014). These sums lent were to be converted into participation into equity capital of HSV Fußball AG. His capital share would have been between 10% and 20%, according to the Hamburger Abendblatt on 04/08/2014.

"Mr. Kühne will not exercise his right of option due by the end of the year (2014), and we will announce any capital increase by the end of the year," said Frank Wettstein CFO of Hamburger SV, to the Hamburger Abendblatt on 19/12/2014.

The club will now have to pay back €2m in 2015, €6m before July 2016, €17m in 2017 and 4% in loan interest (€1m extra), according to the Hamburger Abendblatt.

Hamburger SV: €6.6m net loss in 2011-12…