by Arneb » Fri Jun 28, 2019 2:08 pm
Big, big BIG deal for Hertha.
A German investor who was hailed as a business whiz kid in the 90s when he started building and selling computers at 14, is buying a 37.5% share of Hertha's professional football company. He is set to up his participation to 49.9% (the current maximum by German Football League regulations) within the next few years. The deal will be worth € 125 million, twice.
The guy has a checkered past, first being shown around by Chancellor Kohl in his whiz kid years, then bancrupting when the dotcom bubble burst around the turn of the millenium, being sentenced for embezzlement and producing a further bancruptcy in the financial crisis in '09. He is back in business today, he says.
He says his investment in Hertha is the logical thing to do because Hertha is undervlued and has the potential to become one of the Big City Clubs, as he put it, in a League with London, Madrid, Milan, Rome, etc. CL semifinals, at least, within the next 5 years, I'd say. Knowing my Hertha, I am elated. What could possibly go wrong here?
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