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Billionaire Klaus-Michael Kuehne has acquired a 7.5 percent stake at former European champions Hamburg SV after pumping in 18.75 million euros ($21.76 million) in investment and also bagged the stadium naming rights Sergio Aguero Argentina Jersey , the club said Thursday.

Hamburg, struggling to avoid relegation in the past few seasons, has been dogged by financial problems and a string of expensive but unsuccessful transfers.

"I am very happy that we could successfully wrap up our talks about me becoming a shareholder," Kuehne said in a statement. "I hope I can contribute to turning Hamburg around."

Kuehne essentially turned part of his 25 million euro loan to Hamburg last summer that allowed them to sign Lewis Holtby, Swiss international -Valon Behrami and US international Julian Green among -others Ramiro Funes Mori Argentina Jersey , into a stake in the -former German champions.

His investment is not only a much-needed shot in the arm for Hamburg, pushing back commitments for the indebted club, but a major hope for the long-term future of the only Bundesliga club to never have played in the second division since the top league's creation in 1963.

The billionaire will also give the stadium its old name "Volksparkstadion" back from July 1 after acquiring the -naming rights "initially" for four years.

"For me as a Hamburg fan it was a matter of the heart that the home of the club has again its traditional name," Kuehne said in a club statement.

"I wish that the club can -enjoy success at the Volksparkstadion like in the past.

Hamburg's stadium, currently called the Imtech Arena Nicolas Otamendi Argentina Jersey , was known as the Volksparkstadion until 2001.

"We are continuing our -financial consolidation with this move and have reached an important milestone," Karl Gernandt, Hamburg's soccer board chairman, told reporters.

"We will continue working so that Hamburg can win back its ability to be competitive on all levels in the Bundesliga."

Hamburg are 14th in the league right now, two points above last-placed Freiburg. The Bundesliga resumes on January 30.

Obama commemorates Special Olympics anniversary at star-studded White House event Obama commemorates Special Olympics anniversary at star-studded White House event Obama commemorates Special Olympics anniversary at star-studded White House event Obama commemorates Special Olympics anniversary at star-studded White House event

Katy Perry Nicolas Gaitan Argentina Jersey , Jason Derulo and Stevie Wonder were all there - but the only guest who got to give President Barack Obama a hug during his speech was restaurant owner Tim Harris.

Harris has Down syndrome, but he owns his own restaurant and is a Special Olympics star in year-round sports.

And the focus was more on the star athletes than on the pop stars at a White House event on Thursday to commemorate the anniversary of the Special Olympics organization.

"Presidents need encouragement once in a while too...Thank you, Tim," Obama said after Harris left his seat during the president's remarks to give him a hug, Harris' trademark at his restaurant in Albuquerque Nahuel Guzman Argentina Jersey , New Mexico.

Established in 1968, the Special Olympics give people with intellectual disabilities opportunities to participate in sports ranging from basketball and bowling to figure skating and gymnastics.

Obama and first lady Michelle Obama will serve as honorary chairs of the Special Olympics World Games in Los Angeles next year. Some 7,000 athletes from 170 countries will take part.

At Thursday's dinner, entertainment celebrities mingled with business magnates under chandeliers before digging into a menu of "Maryland crab and corn ravioli" and "caramelized plum galette". Dignitaries from the sports world included former basketball player Kareem Abdul-Jabbar, former tennis player Andy Roddick and former figure skater Michelle Kwan.

Obama praised the other set of athletes in the room Matias Kranevitter Argentina Jersey , including Loretta Claiborne, the first Special Olympian to speak to the United Nations General Assembly and Dustin Plunkett, Special Olympics "international global messenger" who wrote that the organization had "saved his life."

"What all these people represent is what the Special Olympics is all about - overcoming obstacles with love and kindness, and generosity, and healthy competition Mariano Andujar Argentina Jersey ," he said. "It's about pride and it's about teamwork and it's about friendship. And it's about treating everybody with dignity, and giving everybody a chance."

Seven athletes told their stories after the dinner before Katy Perry started her concert with her hit "Roar."

"We are here to put an end to the injustice and captivity and intolerance," said Ricardo Thornton, recently appointed by Obama to the president's Committee for People with Intellectual Disabilities. Thornton said he had spent time in two institutions but Special Olympics changed his life.

And Claiborne said because of Special Olympics, she converses in four languages Marcos Rojo Argentina Jersey , holds two honorary doctorate degrees and has run 26 marathons.

"The days of being left out are over," she said.

(Agencies)

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