Investor Hasan Ismaik sold his shares in TSV 1860 Munich after 14 years. As the football third division announced, a Swiss family holding company with Ismaik agreed on the takeover of its shares. The execution is expected for the coming week.
In mid -April, Ismaik surprisingly stated that he wanted to separate from his proportions. “I think someone needs new things in 1860 – you don’t need Hasan. If I stay, this club will stay as it is,” said the controversial investor in an interview with Bavarian Radio. “Anyone who thinks they have the ability to buy in 1860-my door is open. But if they don’t have 200 to 300 million, it will not work for him,” added the 47-year-old. It was not clear whether he meant the purchase price of the shares or the investment volume. The notification was now agreed at the purchase price, the statement said.
In the club announcement to his farewell, Ismaik now emphasized that it was clear from the start that he only separated from its proportions if TSV 1860 Munich benefits. “Leaving 1860 Munich without debt is a wonderful success story and I am very happy to hand over the relay wood to someone who can help the club so much,” he said.
As part of the transaction, all loans were issued, with the exception of the financing commitments that are required for the license of the current season. The new shareholder is committed to the Grünwald stadium as a home of the club and wanted to renovate it according to the guidelines of German football league. The Presidium of TSV 1860 was convinced that the commitment “not only a commitment to the association, but also to the city of Munich and its inhabitants. Together we will now tackle our big goal.”