Overview
- HSV Hamburg’s handball operation is under threat of a four-point deduction after failing to cut negative equity as required by HBL licensing rules.
- The handball unit carries a non‑equity‑covered deficit of €6.075 million after relying on €7.1 million in investor loans and a recent €2 million lifeline to cover liquidity.
- Management is examining a partial loan‑to‑equity conversion and exploring atypical silent participations, with executives declining to provide updates until decisions are finalized.
- Hamburger SV’s football side reported its fourth straight annual profit with €126.5 million in revenue, a surplus of about €4.4 million, and net financial assets of €14 million.
- HSV football captain Yussuf Poulsen sustained a training injury, withdrew from Denmark’s squad in what the federation called a light issue, and will miss the upcoming internationals.