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|Billionaire Klaus-Michael Kuehne has acquired a 7.5 percent stake at former European champions Hamburg SV after pumping in 18.75 million euros ($21.76 million) in investment and also bagged the stadium naming rights Authentic Kendall Lamm Jersey , the club said Thursday.
Hamburg, struggling to avoid relegation in the past few seasons, has been dogged by financial problems and a string of expensive but unsuccessful transfers.
"I am very happy that we could successfully wrap up our talks about me becoming a shareholder," Kuehne said in a statement. "I hope I can contribute to turning Hamburg around."
Kuehne essentially turned part of his 25 million euro loan to Hamburg last summer that allowed them to sign Lewis Holtby, Swiss international -Valon Behrami and US international Julian Green among -others, into a stake in the -former German champions.
His investment is not only a much-needed shot in the arm for Hamburg, pushing back commitments for the indebted club Authentic Ka'imi Fairbairn Jersey , but a major hope for the long-term future of the only Bundesliga club to never have played in the second division since the top league's creation in 1963.
The billionaire will also give the stadium its old name "Volksparkstadion" back from July 1 after acquiring the -naming rights "initially" for four years.
"For me as a Hamburg fan it was a matter of the heart that the home of the club has again its traditional name," Kuehne said in a club statement.
"I wish that the club can -enjoy success at the Volksparkstadion like in the past.
Hamburg's stadium, currently called the Imtech Arena, was known as the Volksparkstadion until 2001.
"We are continuing our -financial consolidation with this move and have reached an important milestone," Karl Gernandt, Hamburg's soccer board chairman, told reporters.
"We will continue working so that Hamburg can win back its ability to be competitive on all levels in the Bundesliga."
Hamburg are 14th in the league right now Authentic Kendall Langford Jersey , two points above last-placed Freiburg. The Bundesliga resumes on January 30.
PARIS, Nov. 1 (Xinhua) -- Top-rated Asian player Kei Nishikori lost to Novak Djokovic in an unexpected easy way here on Saturday to grand the defending champion a final berth, while Canadian sensation Milos Raonic continued his stunning run by booking the other place.
Nishikori, who rose to a career high No. 6 to become the highest ranked Asian male of all time less than a month ago, was broken in as early as his second serve by Djokovic before losing 6-2, 6-3 out of style.
"I was a little bit tired," said the 24-year-old Authentic Lamarr Houston Jersey , who went to bed at about 4 o'clock on Saturday morning after a long, late quarterfinal clash against Spaniard David Ferrer.
"My body wasn't 100% ready for today's match since I had three tough matches before the semifinal against Novak," he said. "But still, it's really tough to play against him. He doesn't miss, and at the same time, he's very consistency on the baseline."
"It was obvious that Kei's fatigous, maybe because he finished late last night Authentic Jeremy Lane Jersey , or has a little injury. He didn't serve as well as he can," commented Djokovic.
"Other than that, I think he played very well from back of the court," he said. "But I served exceptionally well when it was important, and that allowed me to have a lot of free points and to put more pressure on his service games."
Earlier on Saturday, Canada's 23-year-old Raonic reached his second Masters final by upsetting another big name Tomas Berdych just one day after stunning world No. 2 Roger Federer out of the Paris Masters in Friday's quarterfinals.
The tenth-ranked Canadian picked up a break in the final game to edge the Czech 6-3, 3-6 Authentic Benardrick McKinney Jersey , 7-5 in two hours eight minutes and set up a final encounter with the top-ranked Serbian.
With 12 aces against Berdych, Raonic now leads the total standings of aces in this tournament on 75, 33 aces more than the second-placed South African Kevin Anderson.
Both Nishikori and Raonic have already secured berths to the ATP Finals slated on Nov. 9-16 in London, marking the season finale with an Asian and a Canadian for the first time in history.
In the doubles play, No. 1 seeds Bob and Mike Bryan of the United States booked a final clash with the unseeded pair of Polish Marcin Matkowski and Austrian Jurgen Melzer on Sunday.
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