
HSV competed well for much of the game but ended up with a 3-0 defeat against league leaders Borussia Dortmund on Wednesday night. The euphoria, emerging after two wins at the start of the season that saw Hamburg top of the table for one night, has started to wane. Three defeats in succession has witnessed the team from the Hanseatic city slip down to eleventh place in the table. A position that would have been more than satisfactory at the end of last season and could indicate the possibility of a campaign without major worries – a situation HSV have sought for years.
Less than two weeks after the transfer window closed, HSV were forced to react. The reason: Injuries to Filip Kostic, Aaron Hunt and Nicolai Müller who were supposed to play together behind centre forward Bobby Wood in Markus Gisdol's ideal first eleven. Hamburg responded immediately by awarding a one-year deal to out-of-contract Sejad Salihovic. The former Hoffenheim player and renowned set piece specialist has been brought in to fill a gap in the HSV midfield. The key players in the squad are, in addition to Salihovic and Wood, the two former Germany internationals Lewis Holtby and André Hahn, whose return to the Hanseatic city after a seven-year absence was the marquee signing of the summer. At the back, the HSV coach Gisdol has great trust in central defender Kyriakos Papadopoulos who has now signed permanent terms after being on loan from Bayer 04 last season.
The loss of Kostic and Müller, whose pacey individual moves consistently posed a threat in the past, has hit the Hamburg attack hard. The last three matches have not only brought HSV just one point but they have also failed to score. Not a record that will pacify the unsettled atmosphere in the North German metropolis particularly after the season began with an unbelievable exit from the DFB Cup away to third division Osnabrück – The club have suffered from that background for several years and have been unable to improve the performances on the pitch to a sustainable level.
There is a question over the financial injections provided by patron Klaus-Michael Kühne: HSV are in the process of reorganising their structures and way of working. Away from continual changes in personnel to consistency and trust in the current squad and management. If that succeeds then the chances are good of leaving behind the permanent sporting crisis of the recent past, given the passion of the fans, the good infrastructure, attractive location and numerous impressive, potential partners.
If at all possible, the aim this term is to avoid the supporters having to worry about staying up right to the end of the season. In Markus Gisdol, HSV have a coach who is able to take on this challenging task with the necessary calm and experience in battling relegation. With the available quality of the squad, Hamburg should be able to hold onto their unique status as the only original member still in the Bundesliga in spite of the possibility of further turbulence in this campaign.

After being nominated for the Bundesliga Goal of the Year 2025, Martin Terrier's wonderful strike for the opener against FC Köln is now also up for selection for the ARD Sportschau Goal of the Month award for December 2025. Bayer 04 fans have until 19:00 CET on 10 January to vote for the French forward.
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Rüdiger Vollborn has been at the club for 40 years, he holds the record number of Bundesliga appearances for the club (401) and is the only Bayer 04 player to have won both the UEFA Cup (1988) and the DFB Pokal (1993). And the Berliner stayed with the Werkself after ending his impressive playing career as he worked as a goalkeeping coach for the following nine years. Vollborn now works under the Bayer Cross as a fan liaison officer and club archivist. Since February 2021, the personalised Black and Red lexicon takes Werkself fans under the heading of 'Rudi recounts...' on a brief trip through the history of Bayer 04 every month…
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"In every ending lies a new beginning" is a well-known saying. This phrase has probably never been more apt at Bayer 04. After winning the Bundesliga in 2023/24 and finishing as runners-up in 2024/25, the summer was the most eventful ever in terms of transfers. Over ten players and the coach, including the coaching staff, left the club. A lot of the heroes of the double-winning side began a new chapter. It was the end of an era. And at the same time the beginning of a new, very exciting and promising chapter for Leverkusen. The Werkself welcomed more than a dozen new arrivals, including experienced title-winners and young talents, to build a new "foundation for a successful team capable of winning titles" under the Bayer Cross, as managing director sport Simon Rolfes put it. A new spirit, a new hunger, a new story was to be created. Bayer04.de looks back at the first few months of this story and the final act of the preseason.
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43 points at the end of the last Bundesliga season were not only more than ever before for the Bayer 04 Women, but also led to a record fourth-place finish. That was followed by a Hinrunde with many more victories, but also some setbacks. In an interview with bayer04.de, sporting director Achim Feifel takes stock at the end of the year.
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With their wonderful goals, Martin Terrier and Florian Wirtz are up for the Bundesliga Goal of the Year 2025. Voting for fans will run exclusively via the official Bundesliga app until Sunday, 4 January.
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