In March 2023, the late Hertha President Kay Bernstein (left) and managing director Thomas Herrich (right) introduced 777 Partners, a new investor for the capital club. Also there: Josh Wander, the founder of the US company, which is involved in several clubs internationally. picture alliance / nordphoto GmbH / Engler | nordphoto GmbH / Engler
US investor 777 Partners saved Hertha BSC’s license for the 2nd Bundesliga. Now the lender cannot escape the negative headlines. What that could mean for the capital club.
Without US investor 777 Partners, Hertha BSC would probably not have received a license for the 2nd Bundesliga.
The capital club’s numbers are now looking better. But 777 is currently not getting out of the negative headlines.
Business Insider provides an overview and examines the question of what the turbulence surrounding the most important donor could mean for Hertha.
Things could have gone better for Hertha BSC this season. The capital club missed the return to the Bundesliga. Shortly before the end of the season, Hertha is languishing in midfield in the second division, between SC Paderborn and SV Elversberg.
But Berliners seem to have made a big leap forward economically. Unlike another traditional club, which, like Hertha, is part of the portfolio of the US financial investor 777 Partners, which has some investments in professional football. At Standard Liège in Belgium, the negative headlines have not stopped for months.
Most recently, the players were waiting for their salaries for April, the newspaper reported “The evening“. The investigative portalJosimar“ revealed that 777 was in arrears with payments to the former club owner and the owners of the Standard stadium, which includes ex-Dortmund professional Axel Witsel. Which is why the creditors should seek to have the assets in Belgium that were taken over by 777 two years ago confiscated.
Hertha BSC supporters should pay close attention to these reports. That’s why Business Insider is investigating what the turbulence at the Miami investment company could mean for Hertha.