Here's the official release of the KSC this evening:
"The Karlsruher SC and sales agents Michael Kölmel was reached after months of negotiations an agreement. Between the two parties was compromised, the upcoming negotiations can be obsolete before the District Court.
The present comparison assumes that all the contractual relationship is no longer unlimited are they but the KSC on 30/06/2019 can end. Part of the agreement are: reduction of the directional movement of the TV revenue in the operating point play from 15% to 10%. Special termination rights for refund of the basic amount from the 06/30/2019. In the case of particularly successful sporting cutting off an early termination of the contract before the 06.30.2019 is possible.
All claims for the period from 2000 to 30.06.2009 (totaling about 11 million €) will be compensated by a one-time payment of 6 million € on the part of the KSC. The subsidiary KSM After end of the contract back to 100% of the KSC.
"I was standing since September in ongoing negotiations Michael Kölmel. He was always a fair negotiating partner, which we are indebted to, "said KSC President Paul Metzger. "We now have together achieved a result which gives us immediately in the current game year and in the future economic base and planning certainty."
In light of the defeat in the appeal hearing before the High Court and of the still achievable result followed, the Board also unanimously the recommendation of the Bureau.
Michael Kölmel had the KSC in 2000 with DM 15 million in exchange for a perpetual 15% stake in the exploitation of audiovisual rights of the association acquired.
"It was always a concern to reach an amicable agreement," commented Michael Kölmel comparison. "I think that I came to KSC in the past, as well as in the present Convention precludes. This I do for the KSC members and supporters of the club. "
then yes is a great site well done ...
See you Friday from Millerntor
your
Erwin
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