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The current shareholders of FC St. Gallen Event AG have increased their holdings. Also, a new shareholder could be won. Result: a capital increase that has already been carried out. This also benefits FC St. Gallen, which closed last year with a positive result despite Corona.
New funds for FC St. Gallen – the club can use them well in the crown crisis.
(pd / dwa) FC St.Gallen have had a successful season in sporting terms. With second place and a fresh, offensive style of play, the team enthused soccer fans far beyond the region and exceeded expectations, as the club wrote in a statement.
FC St. Gallen can also look back on a positive financial year, but it has a lot of open questions and uncertainties in the economic outlook.
Despite Corona: a win for FC St. Gallen
FC St.Gallen reports that after a slightly positive half-year result, the economic situation has been severely affected since the end of February 2020 by the seasonal disruption related to the crown and by the federal measure for major events. However, the club shows a consolidated profit of 1,754 million Swiss francs. On the one hand, those responsible point to an “incomparably great” solidarity on the part of fans and sponsors; on the other hand, the club is athletically successful, generating higher spectator income and bonuses. Additionally, the FCSG records transfer income and the business model is continually optimized, resulting in efficiency and cost savings, and ultimately protecting jobs.
“The economy, but also the Swiss Football League and FC St. Gallen are in a demanding and challenging situation,” warn those responsible. There were many unknown factors for the next few years. For the FCSG, these are the regulations regarding the use of the stadium, the implementation of the current season and the economic development of partners and sponsors. “We started the new 2020/21 season with a bit of a tailwind, a blue eye from Corona and a lot of confidence.” However, from an economic point of view, it is necessary to further optimize, strengthen the capital structure, guarantee solvency and liquidity at all times and generate specific transfer income without undermining sporting success. (two)
“Create a solid foundation”
Due to these planning uncertainties, the shareholders of FC St.Gallen Event AG have already resolved and carried out a common capital increase. “Thanks to this capital increase, FC St. Gallen will receive new funds worth 3.69 million francs.”
On the one hand, the existing shareholders have increased their stakes in accordance with the announcement, on the other hand, Fortimo Business AG has been able to obtain a new shareholder.
Rolf Schubiger, shareholder.
Rolf Schubiger says on behalf of the previous shareholders:
“With the capital increase we want to send a signal that we have confidence in the FCSG and that we are very happy to support the club. That is why we support him even in difficult times. “
Look to the future with optimism and create a solid foundation for a successful future for and with the FCSG.
According to the announcement, Philipp and Remo Bienz of Fortimo Business AG see their commitment as a commitment to FC St.Gallen, from which the whole of eastern Switzerland should benefit: “The board of directors and operational management, but also the first team and all the staff are doing an excellent job. We want to back that up with Fortimo’s financial commitment. ”Fortimo’s connection to the FCSG is based on similar values, which both companies uphold: down-to-earth attitude, anchoring in eastern Switzerland, as well as hard work and passion.
“With this commitment to the FCSG, we want to give something back to Eastern Switzerland and strengthen it as an institution in the long term.”
President Hüppi underscores solidarity
Matthias Hüppi, President of FC St. Gallen.
For FC St. Gallen, this capital increase is an important sign of confidence. The Chairman of the Board of Directors, Matthias Hüppi, is equally satisfied and grateful for the capital increase and the entry of Fortimo Business AG as a shareholder in FC St.Gallen Event AG:
“If there was any need to show that FC St.Gallen is uniquely anchored in the regional economy, then it has had the great commitment of our major shareholders.”
According to Hüppi, the previous shareholders and the new shareholder are strengthening the economic base of the club at a very challenging time. The shareholder team, made up of entrepreneurs from eastern Switzerland, ideally complements and strengthens each other.
Following the capital increase, the shareholders of FCSG Event AG are the following:
A request for a capital increase will be made in November
According to the announcement, the Board of Directors plans to propose the capital increase of FC St.Gallen AG announced at the end of last year at the General Meeting on 20 November. “The capital increase will be implemented when the situation has largely normalized with the Covid 19 pandemic.” Above all, the common task is to safely maneuver FC St.Gallen through these stormy times and ensure its long-term existence.
