Karlsruher SC and Michael Kölmel sales agents have agreed after months of negotiations. It was closed, a comparison that the upcoming negotiations will be obsolete before the District Court. Here is the press release of the association:
The present comparison assumes that all contractual relationships are not unlimited, but can they stop the KSC on 30/06/2019. 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 to 100% at the contact center back.
"I was standing since September in ongoing negotiations with Michael Kölmel. He was always a fair negotiating partner, which we are indebted to, "said KSC President Paul Metzger. followed by "Now we have jointly 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 results, the Board also unanimously recommendation of the Bureau.
Michael Kölmel had supported the KSC in 2000 with 15 million DM and acquired in exchange for an unlimited 15% stake in the exploitation of audiovisual rights of the association.
"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. "
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