Second Division of Bundesliga - Hertha scrutinizes possible responses to issues with investor 777.
Hertha BSC is currently addressing internal concerns about potential issues with investor 777 Partners. Interim president Fabian Drescher stated at a recent general meeting held in the CityCube at Messe Berlin, "We're thoroughly investigating all scenarios." Although there are no signs from 777 of bankruptcy or a planned sale of Hertha's shares, information remains scarce.
Hertha claims to have control over the situation if the worst occurs. As Drescher explained, "If the investor chooses to sell, we have a right of first refusal and a veto power." This would ensure the shares don't wind up with "malignant third-party nations or investors we wouldn't be thrilled with." Managing Director Tom Herrich confirmed the team is handling the matter.
Drescher discussed the possibility of reacquiring the shares, stating, "Should opportunities arise for us to reclaim ownership of the shares, it's our responsibility to analyze the situation internally and determine if Hertha BSC can regain majority ownership or, ideally, complete ownership." However, whether this would be financially feasible remains uncertain.
Recent media reports have pointed to issues with other clubs collaborating with the American investment firm. Drescher and Herrich reemphasized during the meeting the positive contribution 777 has made to the Berlin team thus far. "We couldn't have operted last year without the capital injection," said Herrich. To date, approximately 75 million of the agreed-upon 100 million has been paid out.
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An internally handling reports of difficulties with investor 777 PartnersInterim president Fabian Drescher affirms their diligent examination of possible issuesMarket speculation doesn't include any hints of imminent insolvency or planned resaleHertha asserts controlling power in hypothetical selling scenarioRight of first refusal and veto prevent shares from landing in undesirable handsDrescher and Herrich highlight the crucial aid provided by 777 Partner investmentAbout 75 million of the agreed-upon 100 million has been disbursed to date*Herrich underlines Hertha's inability to carry on without the aid from 777
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Source: www.stern.de
