HSV again with deficit in millions

Football AG of the second division Hamburger SV has completed the eleventh year in series with a loss. As the club notified, the minus of the financial year 2020/21 amounts to 4.7 million euros.

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In 2019/20, the deficit had at 6.7 million euros. In addition to cost reductions, only cost reductions, only state coronahilfen (just under 11 million euros) and earnings from the sale of the stadium property (14.6 million euros) is due to it.

Also, because these two special effects do not come over again, the CFO of HSV-Football AG, Frank Weinstein expects again for the ongoing season with financial losses.

Sales declined by 41.7 percent from 95.7 to 55.8 million euros. The main reason for this are the corona-added ghost games, which ensured that the revenues from 22.1 million to 600,000 euros. Despite the deficit, the club was able to reduce its debts by 6.6 million euros to 51.2 million euros. Since March 2020, our priority focus was on ensuring liquidity, said the betting stone out of the season.

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