In the middle of the Bundesliga relegation battle, Hertha BSC presents its new strategic partner. At a press conference today, Club President Kay Bernstein and Josh Wander, CEO of 777 Partners, will present the cooperation between the Berliners and the American investment company. This also officially ends the cooperation between Hertha and financial entrepreneur Lars Windhorst as an investor after almost four years, which was characterized by conflicts and scandals.
777 Partners takes over the shares of Windhorst’s company Tennor in Hertha BSC KGaA of almost 65 percent and gets, among other things, two seats on the supervisory board. Windhorst had paid around 375 million euros over the years. It is unclear how high the transfer fee is.
According to reports, a cash injection in the double-digit million range will soon flow to the heavily indebted Hertha. The Bundesliga club had so far left all financial details about the deal uncommented. In the medium term, 777 Partners is to acquire further Hertha shares. The company invests in football clubs around the world.