Hertha BSC under pressure: shares come under the hammer on Friday!
Hertha BSC under pressure: shares come under the hammer on Friday!
On Friday morning, the focus is on a surprising public auction in football: 777 partners will auction all shares in various football clubs, including Hertha BSC. The auction takes place at 10 a.m. (local time) in the Cadwalader offices, Wickersham & Taffel LLP in New York. Interested bidders have the opportunity to take part in the auction by video, such as
777 Partners, which has been holding around 78.8 percent of the shares in Hertha BSC GmbH & Co. KGAA since 2023, is under considerable financial pressure and is no longer able to keep control of its participations. The insurance company Advantage Capital Holdings (A-Cap) is the main creditor of 777 partners and now controls the shares. This leads to a tense situation, since club president Fabian Drescher announced at the most recent general meeting that Hertha will check the option to buy the shares back. The situation raises important questions. Hertha BSC has a right to veto and first of all when selling the shares, but it remains unclear how these rights may be used as part of an open auction. Drescher has emphasized that the association has a say in shares in shares, but this is a challenge in view of the short -term auction date. Joshua Wander and Steven W. Pasko, the previous leaders of 777 partners, are no longer represented on the Hertha BSC GmbH & Co. KGAA supervisory board. The lack of these people could have an additional influence on the association's decision -making processes. With a "Credit Bid", A-cap could take part in the auction, which increases the complexity of the situation. The shares held by 777 partners are not only important for the Hertha BSC. The other clubs in the portfolio include the CFC Genoa, FC Sevilla, Standard Liège, Red Star Paris and Vasco da Gama. The pressure on 777 partners could therefore also have possible effects on these clubs that play a role in international football. How these developments will continue to be shaped for Hertha BSC and the other affected clubs remains to be seen. A rapid action will be crucial for the traditional Berlin association to secure its future. For more information about this topic, take a look at Heidelberger Journals . uncertain future for Hertha BSC
The influence on other clubs
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| Ort | New York, USA |
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