Football News
777 Partners, US company close to buying Hertha Berlin
Hertha Berlin will have new owners following the sale of the club’s majority shares by Lars Windhorst.
The US company, 777 Partners, based in Miami, will take over the majority of Hertha Berlin if the German Football League (DFL) agrees to the sale of the shares.
“777 Partners, a strategic investor in soccer clubs worldwide, and Tennor Holding have agreed that 777 Partners will acquire Tennor’s 64.7 percent stake in Hertha BSC GmbH & Co KGaA,” Tennor said in an official statement as cited by Sport1.
“We are giving our Hertha shares to an internationally renowned football investor with many years of experience. Hertha BSC can benefit greatly from this new shareholder,” said Windhorst, CEO Tennor Holding. “He brings not only economic strength, but also a lot of professional experience and an impressive network of international football clubs. The entry of 777 Partners is a step towards a successful future for Hertha BSC.”
777 Partners already has a presence in Europe, especially in Italy, where they own Genoa CFC. The company also has shares at Vasco da Gama in Brazil, Standard Liège in Belgium, Red Star FC Paris in France, Sevilla FC in Spain, and Melbourne Victory in Australia.
The sale of Hertha Berlin could go against the traditional German Football 50+1 rule that maintains fans have majority ownership of football clubs in the country rather than individuals.