Hoffenheim backer lose 2 billion of wealth

Hoffenheim's financial backer Dietmar Hopp, who has seen the team leading the Bundesliga title chase this year, said the credit crunch had so far shaved off about 2 billion euros ($2.5 billion) from his personal wealth.

"The losses should be more than (1 billion euros), probably 2 billion. I don't know exactly but the money is not lost as I have no plans to sell the shares," Hopp, who still owns about 10 percent of shares in software firm SAP, a company he co-founded, told Sueddeutsche newspaper. German media have put his total wealth at around 6 billion euros.

Hopp has taken the village team of Hoffenheim, a club he played for as a youngster, out of the minor leagues and into the Bundesliga in just a few seasons and the team now top the standings in their debut season in the top division.


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