The city of Vienna is buying the Austria Stadium, and the second highlight is to follow

Time was already running out, now everything was going Blow after blow. Vienna Austria has one Christmas present received, a second one is to follow.

1. The Generali Arena, the purple stadium, is bought by the city of Vienna. And completely, without anyone else involved. The arena is said to be worth 40 to 45 million to politicians, who already own the land on which the stadium stands.

2. The Violets could secure the investment shares of the WTF Group around Jürgen Werner by the weekend.

“The stadium should remain a Viennese stadium. This mega deal makes sense for the city because it can also use the stadium for other sports,” says city councilor Peter Hacker in the Crown newspaper.

And above all, the city brushes off the efforts of foreign investors. As the KURIER reported, shows Lörinc Meszaros friend of Viktor Orbán interest in Austria.

There were several interested parties in purchasing the stadium

The negotiations surrounding the sale of the stadium lasted up to a year and were mainly carried out by AG board member Harald Zagiczek and President Kurt Gollowitzer led.

At first it showed Wiener Städtische Insurance Interested, but then withdrew.

A 50:50 split between equity and debt capital was then considered. The latter was supposed to come from a banking consortium; negotiations were underway with four banking institutions. In the end only she had Raiffeisenbank Interested, but wanted sufficient security for an investment of 27 million euros. This could only be guaranteed by the City of Vienna with liability.

Supposedly a liability of up to 80 percent was offered, but Raiffeisen still withdrew. The assurances are said not to have been specific enough. Two negotiating partners, two perspectives, two different lines of argument.

Now reigns clarity. Now the city of Vienna is stepping in and securing the property. A deal that should pay off because Austria wants to guarantee an annual rent of 2.5 to 3 million. That would be a return of between 6 and 8 percent.

The second Christmas present for the violets could follow in the coming days.

Austria wanted to buy the shares of the investor group WTF around Jürgen Werner by December 14th. You would now pay 7.5 million euros for this, which is not due until January 31whereby Austria asked for an extension of the deadline by a further two months.

After December 14th, the buyback would have become more expensive, as this is the deadline on which an additional 20 percent interest is due on the WTF’s invested amount. So far it has already been plus 60 percent.

WTF would have been the other way around from December 15th purely theoretically had the opportunity to buy up the shares of the second investment group in order to end up with the entire one 49.9 percent to own. Since they also have the right of first refusal for a further 0.2 percent, the WTF would own the majority of Wiener Austria if the 50+1 rule were to fall in the future. That’s the theory.

By Editor