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National League

On a first glance, a deficit of CHF 3.07 million does not sound too good. In the case of the ZSC Lions, however, the reason for being in the red are "special factors", as the Neue Zürcher Zeitung writes in today's edition.

Photo  "swisshockeynews.ch"

The ZSC Lions' balance includes own funds of CHF 10.7 million which makes up for 72 per cent of the balance sum. The Lions thus have the most potent stock company in Swiss ice hockey.

The deficit of CHF 3 million is mainly due to considerable write-downs of CHF 1.8 million. Half of these write-downs is also money for the new arena project. The other half is explained by the fact that the ZSC Lions now list the value of their team as CHF 1.-, just like SC Bern or EV Zug already did. Other deficits of the past two winters are being neutralized via a capital increase.

In addition, the former member of the Board of Directors, Peter Spuhler, returns to the board after eight years. Spuhler is also involved in the financing of the new arena and, as the "NZZ" reports, might also hold a key position when it comes to following in Walter Frey's footsteps as president of the ZSC Lions one day. (tme)

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