Big hit: brose withdraws as shareholder from bamberg basketball team

Big hit: brose withdraws as shareholder from Bamberg basketball team

On july 1, the brose group of companies will cease to be a. July as a shareholder of bamberger basketball gmbh and clear the way for new shareholders. This was shared by the nine-time german champion on friday (15. May 2020) with.

Due to the extraordinary importance of basketball for the popularity and financial strength of the city of bamberg, the mayor of bamberg, andreas starke, has taken over the coordination of the change of shareholders. For this purpose, current speeches have been run.

Brose suffers from the current crises

"The massive changes in the automotive industry, exacerbated by the slump in demand as a result of the corona virus, have led to a considerable drop in earnings for the brose group of companies. Therefore, brose has to significantly reduce its worldwide sponsoring activities. This naturally also affects the largest single position, bamberger basketball. Running a professional sports organization is not one of the core tasks of an automotive supplier. That is why brose will become the 30. June to withdraw as shareholder from bamberger basketball gmbh", michael stoschek, speaker of the shareholders’ meeting of the coburg-based automotive supplier, is quoted in a press release from brose bamberg. Stoschek is also chairman of the supervisory board of the bundesliga club.

However, the brose group of companies will remain the main and name sponsor. For this purpose, the company, together with its business partners, will continue to make available an amount that is at the top of sponsoring in the basketball bundesliga in the next three seasons.

Arne dirks, managing director of brose bamberg, said: "first of all, i would like to thank the brose group of companies and michael stoschek for their extraordinary support over the past years. I am also pleased that the brose group will continue to provide substantial support to our club over the next three seasons. That is not self-evident in the current situation. Like many other professional sports clubs, bamberger basketball gmbh is currently going through challenging times. For the future, this means that we must continue to press ahead in rough steps with the consolidation of the company that has been underway since the beginning of 2019."

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