TSV 1860 München ends partnership with investor Hasan Ismaik after funding shortfall

The TSV 1860 München football club announced the immediate termination of its 2011 cooperation agreement with Jordanian investor Hasan Ismaik’s HAM International Limited. The decision follows the club’s forced relegation to the Regionalliga Bayern after a €2.7 million shortfall prevented it from securing the licence required for the 3. Liga. The club stated, “Der TSV München von 1860 e. V. hat den am 30. Mai 2011 geschlossenen Kooperationsvertrag … aus wichtigem Grund mit sofortiger Wirkung gekündigt.” Ismaik responded that he will not provide further financing or rescue the club from a possible insolvency, saying, “Ich glaube, mittlerweile ist allen klar, dass es keine Lösung sein kann, Jahr für Jahr einfach nur neues Geld zur Verfügung zu stellen.” With the contract terminated, the playing rights have reverted to the parent e.V., and the club has already received approval from the Bavarian Football Association to compete in the Regionalliga Bayern. The club is now seeking new partners and restructuring its organization while the investor has indicated he may examine legal options regarding the termination.