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New Swiss investor brings a breath of fresh air to TSV 1860 Munich!
TSV 1860 Munich has a new investor from Switzerland. Details about the takeover and future plans of the club here.
New Swiss investor brings a breath of fresh air to TSV 1860 Munich!
A new era begins at TSV 1860 Munich: Hasan Ismaik has sold his shares in the traditional club after 14 years. The buyer is a Swiss family holding company whose name is currently being kept secret. Matthias Thoma, who has a German passport, was able to agree on a deal with Ismaik, which was sealed in a notary appointment on July 3rd in Frankfurt merkur.de reported.
What is significant is that the club is now debt-free. Despite an €8.8 million loan that runs until the end of 2024, the new investors have pledged that there will be no more debt on the table, which is a huge relief for the club. In addition, the new shareholder is committed to pushing forward the plans for a stadium expansion and the construction of a new gymnasium in order to further strengthen the club's home at the Grünwalder Stadium.
Planning for the future
A noticeable mood of optimism has emerged in the discussions between the new holding company and the club. Managing director Christian Werner did not answer any questions about the new situation during the training camp, but anticipation for future cooperation is growing. Nothing more has been said yet about the details of the new membership of the club's committee, but reports say that the discussions are characterized by professionalism abendzeitung-muenchen.de.
A clearly stated goal of the new management is promotion to the 2nd league for the professional team. Compliance with DFL guidelines is also high on the agenda. The new investor is committed to the goals of the parent club and plans to specifically promote the club's sporting potential, which also includes entering into discussions with Mayor Reiter about the stadium expansion.
Thanks and farewell to Ismaik
In a celebratory farewell, the club officially thanked Hasan Ismaik for his years of commitment. “I’m leaving the club in good hands,” said Ismaik, satisfied with how the handover went and the club’s debt-free future. His retirement is seen by many as a success story, both financially and sportingly.
The era under the new shareholder begins with fresh sporting reinforcements, such as ex-Bundesliga players Kevin Volland and Florian Niederlechner, who should give the team the boost it needs. A press conference to officially introduce the new shareholder is planned, but the date is still to be determined tsv1860.de reported. TSV 1860 fans can look forward to future developments as the club prepares for a hopeful future.