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Lars Windhorst successor: 777 Partners new Hertha investor



Lars Windhorst successor: 777 Partners new Hertha investor

Hertha BSC has found a successor for investor Lars Windhorst. As the club announced on Saturday before the game against FSV Mainz 05 (3:30 p.m.) after long negotiations, 777 Partners will take over all shares in Hertha BSC GmbH & Co. KGaA that were previously owned by Windhorst and his company Tennor Holding ( 64.7 percent).

After table football-Information that 777 Partners, a private investment company based in Miami, will initially invest a total of 100 million euros in the association. In addition, the new investor will receive two seats on the Berliner Supervisory Board and on the company’s Advisory Board.

“This is a forward-looking step for Hertha BSC,” said President Kay Bernstein: “This strategic partnership will help us to further advance the restructuring process and economic consolidation of Hertha BSC. We are therefore pleased to welcome 777 Partners to the Hertha family may.”

“We have the utmost respect for the way football is structured in Germany and look forward to working with everyone involved to help Hertha reach their full potential,” announced Josh Wander, Founder and CEO of 777 partners, on.

The investment of the Americans is sorely needed for the Berliners. The club’s professional department closed the 2021/22 financial year with a minus of 79.75 million euros, and in previous years the Berliners have managed above their means – despite the 375 million euros that Windhorst had paid.

The Bundesliga club is the seventh football club in which 777 Partners has invested. The Americans also have stakes in Genoa FC in Italy, Vasco da Gama in Brazil, Standard Liège in Belgium, Red Star FC in France, Sevilla FC in Spain and Melbourne Victory FC in Australia.

A chronology of the Hertha chaos of the past few years can be found here.