Football club Pogon Szczecin seeking new investor

Financially-troubled football club Pogon Szczecin (PS) is looking for a new investor after Mat Trade (MT), the current majority shareholder, announced that it was planning to withdraw its investment. MT cites misunderstandings with Szczecin city authorities as the reason. According to MT representative and PS supervisory board chairman Ludomir Dys, MT is demanding approximately zl.29 million in compensation from the city, zl.7.65 million of it earmarked for increasing the club's capital and the remainder being MT loans to PS, plus interest. Commenting on the possibility of finding a new investor for the club, Tomasz Brzozowski, secretary of the Szczecin city authorities, confirmed that two interested companies have applied to hold talks on buying into Pogon. One of them, said Brzozowski, is Swedish interior design company Svenska. (Puls Biznesu, p. 10) P.J.