Hertha Berlin announce €125m investment

Hertha Berlin has not won a major trophy since 2002 but that could change after investors purchased a stake in the club for €125million.

Published : Jun 28, 2019 02:35 IST

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 is hopeful the investment will help the club compete more consistently for silverware, with its 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 has 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.

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

Sign in to unlock all user benefits
  • Get notified on top games and events
  • Save stories to read later
  • Access to comment on every story
  • Sign up / manage to our newsletters with a single click
  • Get notified by email for early bird access to discounts & offers to our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide to our community guidelines for posting your comment