Bundesliga: Fix: 777 Partners takes over Windhorst shares at Hertha

Bundesliga
Fix: 777 Partners takes over Windhorst shares at Hertha

Hertha BSC a new investor. photo

© Andreas Gora/dpa

Hertha BSC has closed the deal with new investor 777 Partners.

Hertha BSC has closed the deal with new investor 777 Partners.

The Florida-based investment company is taking over all 64.7 percent of the shares from Lars Windhorst and his company Tennor in Hertha BSC GmbH & Co KGaA, as the Bundesliga soccer club announced.

In the course of the takeover of the shares, 777 Partners will receive two seats on the supervisory board of Hertha BSC GmbH & Co. KGaA, which now consists of five members. In addition, the new investor will hold two seats on the company’s Advisory Board. According to media reports, 777 Partners will not only take over Windhorst’s shares, but will also acquire additional shares. This would bring fresh money to the cash-strapped club, which – like the other Bundesliga clubs – must submit the licensing documents for the coming season to the DFL by March 15th.

Unlike Windhorst, 777 Partners has a lot of experience in professional football. Since September 2021, the company has increasingly invested in football clubs worldwide from the first to the third division. In addition to the Paris suburban club Red Star Paris, the portfolio also includes the first division clubs FC Sevilla, Standard Liège, Vasco da Gama from Brazil, Melbourne Victory and the second division club CFC Genoa.

dpa

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