Tuesday, April 26, 2011

14 million Debt: 1860 Jordan investor is under pressure

The Jordanian businessman Hasan Ismaik, potential investor on the football second division 1860 Munich, waiting for a decision of the heavily indebted club to accept his bid. "We of the present reluctance of the association irritated and can only hope that having command of either a different solution or a better alternative," said the 34-year-old multimillionaire, the Süddeutsche Zeitung: "I am reminded of it before, as if you have not yet realized that the club is close to insolvency.

The club must decide now. " Ismaik should have offered the "lion" about two weeks ago to take over for 13 million euros, 49 percent of the limited partnership shares in the club. Apparently he is a possible route only willing to take a maximum of five million euros of the residues. The debts of the traditional club will be at 14 million euros.

Negotiations with Ismaik are apparently stalled because fear the sixties too much influence of the funding organization. "We are making progress," said 1860 President Dieter Schneider at the Munich "tz". Only the "fine tuning" was not yet negotiated. The club will still submit the final details to be negotiated in the rescue package this week at the German Football League (DFL) for consideration.

At the latest by mid-May, the future of the threatened insolvency of the clubs to be secured. Here are the "lions" to continue a failed four weeks ago are still working banking system. "We have both models the same intensity. Everything else would be negligent, "said Schneider. Ismaik stressed meanwhile that he was more willing to invest.

"I hope that my entry still possible and together we can successfully shape the future," he said. At whatever he wanted in 1860 do not apply, however, under the arms: "The club can expect with all due respect, we are not to provide cash to free - and also think we should trust that the club single-handedly the best out of it.

Such an entry will not exist. "

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