The sale of shares for An der Alten Försterei lasted just under two and a half months. A week after its conclusion, the result was announced: 49,000 new shares were sold.

Profits will accelerate work on new stadium plans

The Bundesliga club registered 49,000 new shares during the final subscription phase, with 40,000 shares being purchased by the club itself. Stadionbetriebs AG, which is made up of over 10,000 shareholders, now has a share capital exceeding €30 million.

We are one step closer to achieving our goal of securing the An der Alten Försterei stadium for future generations. With a solid balance sheet structure and equity capital, Stadion AG is well-prepared for the future, said Dirk Zingler, president of Union Berlin and chairman of the supervisory board of Stadionbetriebs AG at An der Alten Försterei. We will continue along the chosen path and accelerate the work on the plans for the new Alten Försterei stadium, Zingler added.

© 1. FC Union Berlin

What will the works involve?

Thanks to the capital increase, the Eisernen have received support to carry out their ambitious reconstruction plans in Berlin. These include the expansion of the main stand and the conversion of the three standing terraces into stands with two levels. The stadium's capacity, which has been Union's home since 1920, is set to increase to 40,500 seats (currently, the capacity is 22,012 seats).

I am glad that many Union fans decided to support this project and personally get involved in the construction of their stadium. We will continue along the chosen path and accelerate the planning for the new Alte Försterei, concluded Zingler.