MUNICH (AP) 1860 Munich majority stakeholder Hasan Ismaik says he will take action against German soccer’s 50-plus-1 regulation, which limits the influence of external backers.
Ismaik, a Jordanian billionaire who is at odds with what remains of the club’s management, tells Kicker magazine ”I always said I appreciate the German laws and stick to them. But we’ve come to a point where I say: It can’t go on like this. I’m preparing the lawsuit against 50-plus-1.”
Ismaik owns 60 percent of 1860 after saving the club from bankruptcy in 2011, but has only 49 percent voting rights in keeping with the ownership rule.