Hungary’s Vasas loses its lustre as German investor puts shares up for sale

By Jaroslaw Adamowski
December 4 – German investor Michael Budzinski has announced plans to sell his majority stake in Hungary’s Vasas SC, Budapest-based football club. Vasas has a particularly strong following in Budapest’s north-eastern Angyalfold district. In spite of this, over the past years, the Hungarian club has been struggling to stay financially afloat.