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Uwe Ritzer, Berlin
Experience has shown that anyone who borrows money from a loan shark at exorbitant interest rates is financially out of the hole. Which leads to the conclusion that the investor and Hertha major shareholder Lars Windhorst must have found himself in a rather precarious position with his investment holding company Tennor when he joined S4 Limited, a company registered in the British tax haven Isle of Man, on July 21, 2020 signed a loan agreement. Windhorst, respectively Tennor, borrowed 25 million euros, repayable after 30 days with two million euros in interest on top. Plus 65,000 euros in default interest per day if Windhorst does not transfer the 27 million on time.