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More safety is required: The arbitration court docket grants HSV Hamburg a conditional license

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More safety is required: The arbitration court docket grants HSV Hamburg a conditional license

From: May 30, 2024 7:12 pm

HSV Hamburg can play within the Bundesliga subsequent season. An impartial arbitration panel as the ultimate authority granted the Hamburg handball gamers the license on Thursday, however hooked up a situation to it. HSVH should present HBL with an extra safety deposit on Wednesday (June 5).

Those liable for the HSVH and the Handball Bundesliga (HBL) have been additionally current on the six-hour match on the Hanover Airport Hotel. It was concerning the three million euro cash hole, confirmed by a three-person arbitration court docket, and the monetary proof, which was solely obtained by the Bundesliga about an hour after the deadline. Therefore, the problem earlier than the trial court docket was whether or not the fourth league relegation can be proportionate in view of this delay.

On Wednesday on the newest, HSVH should now switch a safety deposit “to cowl any monetary dangers that will come up sooner or later” to HBL’s account. It was solely then that the Bundesliga license was lastly granted. If that fails, the license won’t be granted and Hamburger will likely be pressured to downgrade. Nothing was identified concerning the quantity of the safety deposit.

Frecke: “We are decided for achievement”

“After loads of stress in the previous few days, there’s a sense of reduction and the choice is a hit for us. Now we are going to throw every little thing within the stability to meet the situation on time subsequent Wednesday,” HSVH stated. managing director Sebastian Frecke. “Immediately after the choice, we withdrew and we’re firmly satisfied that we are going to finish it.”

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“The court docket rigorously seemed into this problem and thought of all of the arguments, ours and HBL’s, and thoroughly thought-about every little thing. Fortunately, now we have obtained the license, however one other situation has been set that’s the pre-financing a part of the subsequent season,” stated André van de Velde. A member of the board of administrators of HSV Hamburg represents membership as counsel on the arbitration listening to.

Hamburg’s success within the negotiations means the relegation of penalty groups within the 1st and 2nd Bundesliga if the situations are met – at the moment this impacts Bergischer HC and TuS Vinnhorst from Lower Saxony.

In 2014, HSVH misplaced its license once more

The Hanseatic League had already missed the license as soon as – a decade earlier. In 2014, the German champions since 2011 and the Premier division champions since 2013, then working below the identify HSV Handball, didn’t obtain a license earlier than the arbitration court docket accepted Hamburg’s objections a number of weeks later and granted permission to play below situations. .

However, the monetary scenario of the group didn’t enhance after that. HSV handball gamers continued to depend on patron Andreas Rudolph. When the license was granted within the 2015/2016 season, the entrepreneur made a dedication to shut liquidity gaps of as much as 2.5 million euros, however restricted this to an extra settlement. However, this was withheld from the licensing fee, so the HBL subsequently revoked HSV’s taking part in allow for the present season on January 20, 2016.

Five days later, the insolvency administrator withdrew the staff from Bundesliga matches. A couple of months later there was a restart below the umbrella of Handball Sport Club Hamburg within the third league. After two promotions, the Hamburg staff has been preventing for factors on the primary flooring of Germany since 2021.

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The Hamburg Journal | May 30, 2024 | 19:30 hours

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