German shipowner Martin Harren has joined a pool of investors putting their cash into football team Werder Bremen.

The chief executive of Bremen-based Harren Group has teamed up with eight investors to buy 18% of the shares in the Bundesliga club for €38m ($41m).

His partners include Kurt Zech, another Bremen-based businessman with investments in shipping through chemical tankers company Stainless Tankers and United Heavy Lift.