Lars Windhorst's arrest warrant has been put on hold.
Lars Windhorst, the ex-Hertha BSC investor, is at odds with the judicial system once again. This time, it's about insolvency in Hannover. The insolvency court in Hannover has withdrawn the arrest warrant against Windhorst, according to a spokeswoman from the responsible district court in Hannover. The warrant was issued against him because he didn't attend a court hearing.
The spokeswoman mentioned that Windhorst will have a hearing with the court, but she didn't reveal when it will take place. Earlier, it was known that the court issued an arrest warrant on May 23rd, as Windhorst didn't comply with his duty to participate in the insolvency application process for a subsidiary of his holding. He skipped a hearing on April 22nd without providing a reason.
The Ihme Center, a residential, office, and shopping center in Hannover, is the subject of the insolvency. Windhorst acquired portions of the neglected large property in 2019 and planned to sell his stake with a profit after the planned renovation. However, the holding company for the investor stopped paying last summer. The other shareholders filed for insolvency as a result.
Windhorst was supposed to show up in court to provide details on the structure of the impacted businesses and present receipts for payments. He was also supposed to relinquish keys that were still with him. A representative from Windhorst's Tennor Group stated that an appeal had been filed against the arrest warrant. The arrest warrant is a "court measure" intended to force Windhorst to make a statement. Windhorst refutes claims that he didn't want to meet his participation obligation. He plans to speak with the court and insolvency administrator regarding the matter.
Troubles in Schleswig-Holstein
Windhorst has been in the limelight and the focus of the judicial system on numerous occasions in the past. His investment career started with great flair, as he was dubbed the "wonder child" and even accompanied former Chancellor Helmut Kohl on foreign trips. His involvement with the Berlin Bundesliga team Hertha BSC, which he wanted to elevate to the top of German and European football, led to a prolonged conflict with the club management and significant financial losses. Two years ago, Windhorst sold his Hertha shares.
Currently, there are accusations against Windhorst from Schleswig-Holstein. Windhorst had assumed control of the insolvent Nobiskrug shipyard, a specialty in constructing luxury yachts, three years prior via his majority-owned Tennor Holding. The company is still struggling. Reports suggest that contracts not granted and employee wages were delayed, in contrast to the promises Windhorst made.
Schleswig-Holstein's Prime Minister Daniel Günther criticized that Windhorst didn't uphold his promises. "In Schleswig-Holstein, it matters that if you make promises, you keep them. It's time for Mr. Windhorst to act," said Günther. Although served with an arrest warrant, Windhorst has pledged to attend a meeting at the shipyard on Wednesday.
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Despite the ongoing troubles in Schleswig-Holstein with Lars Windhorst, the insolvency court in Hannover has recently withdrawn the arrest warrant against him due to his absence from a court hearing related to insolvency proceedings for a subsidiary of his holding in Hanover. Windhorst will now have a hearing with the court, although a specific date has not been revealed.
