Hertha BSC has closed the deal with new investor 777 Partners. The Florida-based investment company is taking over all 64.7 percent of the shares in Hertha BSC GmbH from Lars Windhorst and his company Tennor
“This is a forward-looking step for Hertha BSC,” said Hertha President Kay Bernstein, according to the announcement. “We would like to thank Josh Wander for his trust in Hertha BSC. This strategic partnership helps us to further advance the restructuring process and the economic consolidation of Hertha BSC. So we are happy to welcome 777 Partners to the Hertha family.”
In the course of the takeover of the shares, the investor will receive two seats on the Hertha BSC supervisory board
Windhorst had invested a total of 374 million euros since 2019 – a one-off individual investment for the Bundesliga, which the US company has now replaced. Windhorst’s chapter as a controversial investor at Hertha is thus closed. How much money Windhorst received for his shares remained unknown. This ends a period of unrest and misunderstandings for Berliners. Windhorst announced at the end of November that he wanted to sell his shares in 777 Partners. Since then, negotiations have been going on about the details.
Unlike Windhorst, the new Miami-based investor has a lot of experience in professional football. Since September 2021, the company has increasingly invested in football clubs worldwide from the first to the third division.
In addition to the Paris suburban club Red Star Paris, the portfolio also includes the first division clubs FC Sevilla, Standard Liège, Vasco da Gama from Brazil, Melbourne Victory and the second division club CFC Genoa. The head of the football department has been Don Dransfeld since the end of May 2022, who previously worked as strategic director at English champions Manchester City, including for the takeover of other clubs worldwide.