We often hear that German football has it all worked out. The Bundesliga teams play an attractive brand of football in front of impassioned sell-out crowds and under a strict financial model that keeps the long-term future of said club secure.
However that appears to simply be a myth well perpetuated by the likes of Bayern Munich, Bayer Leverkusen and Borussia Dortmund.
Because the news that Hamburg SV, one of the biggest teams in German football, could potentially face bankruptcy, has sent shockwaves through the German game.
It was often believed Hamburg’s financial position was perhaps one of the less secure in the Bundesliga - but the gravity of their situation has recently become clear.
The club currently finds itself in debt to the tune of €99.58 million. It has even seen one tax advisor warn…
“Absolutely the debt is a big risk - if the sporting future is not shaped positive. Much revenue must be generated. Be it through the sale of players, by a lucrative tour to Indonesia or even by the grants from patrons of the club."
Indeed their debt is similar to that of Lyon’s in France - which has seen the Ligue 1 side recently sell players and cut wages in a bid to kerb the financial leakage at the Stade Gerland.
So could a similar approach be adopted at the Imtech Arena; and if so who could benefit?
Well immediately Arsenal spring to mind - as do Liverpool. Both teams have reportedly shown an interest in perhaps HSV’s most lucrative asset Hakan Calhanoglu - dubbed ‘the next Ozil’.
The Turkish international has been superb for the club this season - emerging as the breakout talent of the Bundesliga, which has also seen him linked heavily with Galatasaray.
His agent recently stated that Arsenal were not ‘among the candidates’ while Arsene Wenger also backed away from a deal - while the Liverpool interest has rumbled on.
But in light of Hamburg’s financial predicament a bid is certainly likely to be accepted if the finance directors at the club get their way.
Then it would just be a case of convincing him to make the move.
image: © Nick Sarebi