A New Chapter for the Bayreuth Tigers: Insolvency Proceedings Officially Terminated

The period of financial uncertainty surrounding the Bayreuth Tigers has officially come to an end. Following a successful restructuring process, the ice hockey club has secured a legal and financial reset, clearing the path for a fresh start in the upcoming season.

The transition marks a significant turning point for the club, moving from the instability of insolvency to a stabilized corporate structure designed to ensure long-term participation in the league.

Legal Resolution and the Fresh Start

The Local Court of Bayreuth officially terminated the company’s insolvency proceedings on August 29, 2024. This legal milestone allows the club to move forward without the ongoing participation of an insolvency administrator in its daily affairs.

The termination follows a successful insolvency plan that was approved by creditors earlier in the year. This plan was instrumental in rescuing the club and providing the necessary framework to stabilize its finances. With the proceedings concluded, the organization can now focus entirely on its sporting and operational objectives.

The Formation of onesto Tigers Bayreuth Eishockey GmbH

As part of the restructuring, a new entity has been established to lead the club: onesto Tigers Bayreuth Eishockey GmbH. This new corporate structure is designed to maintain the team’s presence in the ice hockey league and provide a solid foundation for future growth.

Strategic Investment by onesto

The stabilization of the club’s finances was made possible through the involvement of investor onesto, a provider of a digital business travel platform. By becoming a new shareholder in the limited liability company, onesto has provided the capital necessary to secure the team’s future and ensure they remain competitive in the league.

Thomas Lünenborg, who is also a shareholder in onesto, has stepped into the role of Managing Director for onesto Tigers Bayreuth Eishockey GmbH. Under this new leadership, the club has already moved to assemble a strong squad for the upcoming season.

Expert-Led Restructuring and Rescue

The successful turnaround of the Bayreuth Tigers was the result of intensive legal and restructuring efforts. The process involved close collaboration between legal experts and restructuring specialists to navigate the complexities of the insolvency plan.

• Peter Roeger: A restructuring expert from PLUTA Rechtsanwalts GmbH, who was instrumental in ensuring the club’s rescue, and reset.
• Holger Christian Buehler: A business lawyer who worked alongside Roeger to draw up and submit the insolvency plan to the Local Court of Bayreuth.

The professional commitment from these experts allowed the club to meet extremely tight timeframes, ensuring that the transition was completed in time for the new ice hockey season.

Key Takeaways

• Official Termination: The Local Court of Bayreuth terminated insolvency proceedings on August 29, 2024.
• New Entity: The club now operates as onesto Tigers Bayreuth Eishockey GmbH.
• Financial Stability: Investor onesto has provided the necessary financial backing to stabilize the club.
• League Participation: The restructuring ensures the team’s continued participation in the ice hockey league.

Frequently Asked Questions

What does the termination of insolvency proceedings mean for the team?

It means the club is no longer under the supervision of an insolvency administrator and can conduct all business affairs independently under its new corporate structure.

Who is funding the Bayreuth Tigers now?

The club is supported by the new shareholder, onesto, a digital business travel platform provider, which helped stabilize the club’s finances through the insolvency plan.

Is the team still playing in the same league?

Yes, the primary goal of the restructuring and the new insolvency plan was to maintain the club’s participation in its current league.