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777 Partners has completed its 64.7% majority stake takeover of Hertha Berlin.

Updated: Mar 16, 2023




The German soccer club said Saturday that 777 had acquired the company shares previously owned by Lars Windhorst’s investment group. Windhorst said in October he wanted out after a breakdown in his relationship with the club.


The acquisition of Hertha Berlin by 777 Partners is part of the American firm's growing portfolio of soccer clubs worldwide. Prior to Hertha, 777 Partners already had stakes in several soccer clubs, including Spanish club Sevilla, Italian club Genoa, Vasco da Gama in Brazil, Belgian club Standard Liege, Red Star FC in France, and Melbourne Victory in Australia.


According to Hertha president Kay Bernstein, the acquisition by 777 Partners will help the club to "further advance the restructuring process and the economic consolidation of Hertha BSC." This statement implies that the takeover could lead to significant changes for the club, possibly with a focus on financial stability and long-term success.


However, the new investor now faces an anxious wait to see where Hertha will be playing next season. As of the announcement, the team was just one point above the Bundesliga’s relegation zone, with the bottom three clubs all on 19 points before Saturday’s games. Hertha was playing Mainz at home, and the outcome of that match could have significant implications for the team's future.


Despite the uncertainty surrounding the club's future, 777 Partners' co-founder Josh Wander said that the investment was an "honor" and that the firm is "looking forward to learning even more" about Hertha's rich history and culture. Wander added that his team is "ready to help wherever we can," suggesting that the new investor is committed to supporting the club's success both on and off the field.


Source: Washington Post

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