Thursday, March 28, 2024

Hertha Berlin announce €125m investment

SoccerNews in Bundesliga 27 Jun 2019

120 Views

Hertha Berlin have sold 37.5 per cent of the club to an investor for €125million, the Bundesliga club announced on Thursday.

Lars Windhorst’s firm Tennor Holding purchased the stake in Hertha, which could increase to 49.9 per cent in the future.

“We see it as a long-term and promising commitment,” Windhorst said in a statement.

“For me personally it is also a great pleasure to contribute to the economic future of this great club in Berlin.”

Hertha are hopeful the investment will help the club compete more consistently for silverware, with their last major trophy coming when they beat Bayer Leverkusen in the 2002 DFB-Ligapokal final.

“Today is a good day for Hertha,” club president Werner Gegenbauer said.

“This partnership is a result of the development that we are making. The president of Hertha is always anxious to ensure the club has a solid financial basis to work off in the future.

“This aspiration and also the preservation of our club culture are reflected in this new partnership.”

Hertha have been relegated twice in the past 10 seasons but responded by winning the 2. Bundesliga title at the first time of asking on each occasion.

They finished 11th in the Bundesliga last term, 35 points behind champions Bayern Munich.

ABOUT THE AUTHOR

SoccerNews

Soccernews.com is news blog for soccer with comprehensive coverage of all the major leagues in Europe, as well as MLS in the United States. In addition we offer breaking news for transfers and transfer rumors, ticket sales, betting tips and offers, match previews, and in-depth editorials.

You can follow us on Facebook: Facebook.com/soccernews.com or Twitter: @soccernewsfeed.

SHARE OR COMMENT ON THIS ARTICLE

WE RECOMMEND

Leave a Reply

Your email address will not be published. Required fields are marked *

This field is required *

Join the conversation!

or Register

Live Scores

advertisement

Betting Guide Advertisement

advertisement

Become a Writer
More More
Top