Bundesliga - Hannover 96 parent club demands Kind response
In the debate about how to vote on the forthcoming investor deal in German professional soccer, Hannover 96 is in danger of another rift. The parent club reserves the right to take action against majority shareholder Martin Kind. "If it turns out that we acted contrary to instructions, we will have to think about it internally," said a board member of the parent club on Tuesday when asked by the Deutsche Presse-Agentur.
The club, which is at odds with Kind's side, had instructed the 79-year-old to vote against the deal. After the names of the clubs with no-votes became public, there are major doubts as to whether Kind had done so. The required two-thirds majority was only achieved by a very narrow margin with 24 votes in favor.
"In principle, we have asked Mr. Kind in writing to take a stand and the answer is still pending," said the board member. Kind and the club's shareholders did not wish to comment. The 96 boss had already referred to the secret ballot after the vote on Monday.
It is unclear whether the investor deal could even be overturned. The parent club has no right of appeal under association law, but other clubs could challenge the decision. Club chairman Sebastian Kramer explained to Bild that the lack of clarity regarding 50+1 from the e.V.'s point of view "may now have enabled a result that pleases the DFL through this decisive vote".
Kind and the parent club can look back on a long dispute. In the complicated structure of Hannover 96, Kind is on the capital side, while his opponents have been at the helm of 96 e.V. since 2019. The dispute is primarily about how to deal with the 50+1 rule in Hannover. This is intended to ensure that the parent clubs retain the right to issue instructions even if they have spun off their professional soccer operations into a corporation. "The situation has only arisen because the DFL has not moved on the issue of ensuring the right to issue directives in Hannover for a year now. Mr. Kind has repeatedly failed to comply with this right to issue instructions," the board member continued.
The parent club had already failed against Kind in several courts and was not allowed to remove the long-time club boss as managing director of the outsourced professional soccer operation. The e.V. had attempted to do so in July 2022.
DFL DFL press release Reporting in the "Bild"
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- The parent club of Hannover 96, a proficlub based in Lower Saxony, Germany, is expressing concern over the investor deal in German professional soccer.
- In the Bundesliga, Martin Kind, majority shareholder of Hannover 96, is under scrutiny for his vote on the investor deal, as the club had instructed him to vote against it.
- The DFL, the governing body of German soccer, may have benefited from the narrowly passed investor deal, according to Hannover 96's chairman, Sebastian Kramer.
- The long-standing dispute between Kind and the parent club of Hannover 96 revolves around the 50+1 rule, aimed at ensuring parent clubs have the right to issue instructions even after spinning off professional soccer operations.
- The parent club's attempts to remove Kind as managing director of the outsourced professional soccer operation were unsuccessful in courts, despite multiple legal challenges.
- The media coverage of the situation, including reports from the German Press Agency and Bild, have brought attention to the ongoing strife between Hannover 96's stakeholders and the parent club.
- Martin Child, a prominent figure in German soccer marketing, may have insights into the intricate dynamics between Kind, the parent club, and Hannover 96 in the context of professional soccer and association law.
Source: www.stern.de
