They have an investor, but it’s fairly different to what a club like Leipzig or Hoffenheim were doing. For example, Leipzig spend 3 million on transfers when they were promoted to the 3. Liga and 23 Million when they promoted to the 2. BuLi. Both of these sums are insane ammount of money for the respective Leagues. In the 30 years Elversberg had their investor, they only paid a transfer fee once for a player, and that was 35 thousand.

I’m not trying to say that they don’t have money, but the majority of it goes to Club infrastructure and staff, instead of just trying to outspend the league and force promotion that way. I think them promoting to the 2nd tier was more of a lucky incident instead of their target goal for the 22/23 season.