Overview
- Six creditors waived about €4 million while entrepreneur Philipp J. Müller converted and added €6 million via PICOM, erasing roughly €10 million in liabilities.
- Müller now holds 24.9% of operating company HSM, a level set below a blocking minority, while HSV Hamburg e.V. remains the main shareholder.
- Former president Marc Evermann exited as a shareholder and transferred his stake back to the parent club.
- HBL’s licensing commission meets in Münster with HSV invited as a guest, and CEO Frank Bohmann called the debt cut an important step while urging stronger revenues.
- Club leaders say the restructuring fulfills HBL requirements by December 31 and that any points penalty had been only a theoretical possibility.