Martin Kind revives attempt to take over Bundesliga club Hannover - Daily News Egypt - News Summed Up

Martin Kind revives attempt to take over Bundesliga club Hannover - Daily News Egypt


The president of Hannover 96 has launched another attempt to assume majority control of the Bundesliga club. Martin Kind had put a previous attempt to do so on hold earlier this year.The German Football League (DFL), which operates the Bundesliga, said on Tuesday that it had received a letter from Hannover 96 president Martin Kind, in which he announced that he was reactivating his earlier takeover bid. “The DFL presidency will thus deal with the motion for an exemption and take a decision in due course,” the DFL said. Kind is seeking an excemption from the “50+1” rule, which requires the controlling stake of a Bundesliga club’s to be held by the club’s membership. In March, a majority of the 36 Bundesliga and second division clubs voted in favor of retaining the 50+1 rule.


Source: Daily News Egypt May 22, 2018 22:41 UTC



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