Frank Wettstein informed the boards on Tuesday evening, and on Wednesday the CFO and HSV officially announced the end of his contract.
The 48-year-old will not renew his contract, which expires in the summer after just under eight years, and will leave on 31 May 2022. “I think that after more than seven years on the board of HSV and with the foreseeable end of the biggest crisis of the post-war period, a suitable time has been found for both sides to go in new directions,” explained the Rhinelander.
Crisis management provided “legroom “
In fact, his crisis management during the Corona pandemic was highly credited internally, not least the deal struck with the city of Hamburg, which bought the stadium site from the club for 23.5 million, gave HSV some “legroom” financially.
Ten years in a row with a deficit in the millions
At the same time, his tenure, which began in November 2014, also included a number of bad decisions that played a decisive role in the former Bundesliga dinosaur now languishing in the mediocrity of the second division – burdened by the mortgage of having made a million-dollar loss for ten years in a row. Wettstein counters that the management of the pandemic has shown “that HSV is well equipped in terms of personnel and organisation for the tasks ahead.”
Club president Marcell Jansen, in his continued role as chairman of the supervisory board, now has the task of filling the vacant board position with his committee. “We will now use the future weeks and months to decide on the future appointment. “
