Karlsruher SC: Shareholders cheap capital increase

The KSC has prepared its outstaked football department for his further search for strategic investors. With 99.99 percent, the shareholders of Karlsruher Sport Club Mühlburg-Phoenix GmbH & Co. KGaA approved a capital increase by around 1.1 million euros on Wednesday at 95.60 percent of the shares. The share capital of the company is currently around 3.2 million euros. The increase requires the KGaA to spend more shares in the future. In addition to strategic investors, these should also be available for fans.

The largest shareholder is currently 78.01 percent of the shares of Karlsruhe SC itself. The Alliance KSC for Vice President Martin Müller holds 9.36 percent in society. Müller s office colleague Günter Pilarsky has 7.8 percent of the shareholder shares. The remaining 4.83 percent are distributed to around 2000 shareholders, most of which fall into the free float (1 percent) of the fans. The ability to spend new shares also increases the possibility of clubs to react flexibly to financing requirements. An IPO is according to KSC Managing Director Michael Becker - at least short-term - but not planned.

After loss, KfW credit and austerity

The approval of the annual financial statements and the discharge of the shareholder Karlsruher SC and the Supervisory Board were carried out with around 99.99 percent of the votes cast. In her figure published in advance, the company had previously reported a loss of around 5.8 million euros. Its counterfinancing was essentially about a KfW loan of three million euros and cost savings.

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