TSV 1860 Munich: The eat-or-die lions

The dispute over the future financial director continues: The board of directors receives a lawyer’s letter from the KGaA, which, depending on how you read it, represents a recommendation or a threat. Investor’s preferred candidate Hiltmair says: “There hasn’t been a negative touch for me yet.”

The question of whether Anton Hiltmair will become financial director at TSV 1860 Munich has long since reached dimensions that make you lose your mind. The loan agreement with which HAM, Hasan Ismaik’s company, prevents the insolvency of the professional football KGaA states that in return HAM’s preferred candidate Hiltmair will get the position – subject, however, to the statutory approval of the parent club’s board of directors. The contract is signed by Robert Reisinger’s executive committee, which has thereby removed itself from liability for possible insolvency. The question now, however, is to what extent the administrative boards would be liable if they rejected HAM’s preferred candidate Hiltmair and HAM then did not make the soon-to-be-necessary payment of more than three million euros. One would think: according to the wording of the contract, not at all.