Hamburger SV records a financial profit for the third year in a row and closes the 2023-24 season with an impressive net result. In addition, the club repaid the stadium loan two years ahead of schedule.

Third year in profit, stadium debts paid off

After years of constant financial struggles, Hamburger SV is finally on stable ground. The Hamburg-based club, which had been battling deficits for decades, ended the 2023-24 financial year in the positive, achieving a net profit of €2.1 million. This is the third year in a row that the club has recorded a positive financial balance, and this year's result is the best since the club's separation in 2014. What's more, HSV managed to pay off its Volksparkstadion commitment two years ahead of schedule.

Under Dr Eric Huwer, HSV achieved a positive financial result, but also increased its turnover from €114 million the previous year to a record €123 million. Particularly noteworthy is the fact that around €100 million of this revenue came from non-sporting activities. Equity, in turn, has risen to €45 million, providing a solid foundation for further growth.

© Michael Panse (cc: by-nd)

HSV's economic growth is due to strategy and discipline

Michael Papenfuß, chairman of HSV's Supervisory Board, emphasises that the club's financial success is the result of a clear strategy and rigorous financial management. This once again very good annual result is no coincidence says Papenfuß, but the result of a disciplined approach to finances. HSV is one of the few clubs that has paid all its liabilities on time, even in times of the coronavirus pandemic. In recognition of the financial achievements, the Supervisory Board extended Huwer's contract until 2029.

Dr. Eric Huwer, responsible for HSV's economic success, says that the club has significantly increased its purchasing power in recent years while reducing its debt. In recent years we have significantly increased our purchasing power through economic rationality and significantly reduced our debt without lowering our sporting ambitions, states HSV's CFO. In his opinion, the third consecutive positive result is also proof of the sustainability of the progress achieved.

© Miłosz Stolarz / stadiony.net

Further investments coming soon?

One of HSV's most groundbreaking achievements is the repayment of the stadium loan two years ahead of schedule. For Huwer, this is a milestone, both emotionally. I am very happy that we can finally say: our stadium has been paid off ahead of schedule he says proudly.

Huwer emphasises that HSV's current financial situation allows for investments that will position the club for the long term. We can invest in our own future. Because we have to do that if we want to be competitive in the medium and long term - including in the Bundesliga, which is our goal he explains. According to him, paying off the stadium and increasing the equity is only the beginning of further development.