Hamburg Set to Lose Main Sponsor Imtech

According to German reports, Bundesliga side Hamburg SV is set to lose a number of sponsors including their naming rights sponsor.

SPORT BILD reported the club’s naming-rights sponsor Imtech wants to end its €25M ($33M) per year sponsorship deal with the club as soon as possible.

Imtech CEO Gerard van der Aast said: “We definitely won’t extend the naming-rights deal with the HSV stadium. Due to our tense financial situation, we want to end our sponsorship deals with the HSV, FC Bayern and VfB Stuttgart as soon as possible.”

The company’s deal with the Hamburg-based club runs until 2016, but Van der Aast hopes “to reach a quick agreement with the club.”

HSV Marketing Dir Joachim Hilke said: “We have talked to the representatives of Imtech Germany and expect that the current contract will be fulfilled.”

In addition to Imtech, Austrian tourism region Zillertal Tourismus has announced to end its three-year, €750,000 ($1M) sponsorship deal with the club. South Korean-based companies Hanwha Solar and Kumho Tires, which pay a combined €1.5M ($2M) per year, will end their deals after striker Heung-Min Son left the team.