Eight months after Genève-Servette HC's president Hugh Quenne introduced Mike Gilles as their new investor, nothing has changed. Gillis was supposed to buy 20 per cent of GSHC's shares and then increase his investements over time. At the moment, it is still Quennec who holds all of the Grenats' shares.
But why? One theory, Le Matin writes, is that Quennec wants to remain the main stakeholder and keep a majority of GSHC's shares. Gillis, on the other hand, would not want to invest money without the prospect of taking over the club as a whole and be able to make decisions all by himself.
Another problem seems to be the new arena. While investors would be ready, they reportedly do not like that the City of Geneva demands an public tender for the construction works. It is clear that the club needs the new arena in order to remain attractive for new investors.
According to Le Matin, Genève-Servette HC is in dire need of money in order to keep their venture going, in order to keep the club alive.
Last Update: 21 November 2017, 07:51 AM | tme
