Bidding procedure opened
Club shares before sales: second division team comes under the hammer
06.06.2025 – 9:51 a.m.Reading time: 2 min.
The problems of a once ambitious investor work to Berlin. An auction in Manhattan will also affect the future of Hertha BSC.
Who actually belongs to Hertha BSC? The ownership of the Berlin second division team could change fundamentally. The shares that the US investment company 777 partners had acquired at Hertha BSC GmbH & Co. KGAA were to be auctioned on Friday. This is reported by the investigative football portal Josimar from Norway.
The subject of the auction are investments in a total of six clubs: In addition to Hertha, CFC Genoa, FC Seville, Standard Liège, Red Star Paris and Vasco da Gama are also included. In the meantime, these shares are checked by the New York insurance company Advantage Capital Holdings LLC (A-Cap).
It remains to be seen whether the Berlin second division team was aware of the short -term auction. However, the association has repeatedly emphasized in the past to have a say in shareholding. Club president Fabian Drescher explained at the end of May that the possibilities of a return were basically checked. However, specific steps are not known.
According to media reports, Hertha will not take part in the auction himself. A return of the outstanding investments of around 25 million euros from the originally agreed investment package with 777 partners is no longer to be expected. The company’s handling is considered to be initiated, according to the club’s influence of 777 at Hertha, has been expired since April. At that time, the last two representatives of 777 partners from the KGAA supervisory board were released and replaced by people from A-CAP.
The bidders must prove that they have sufficient liquidity. At the same time, there is a judicial requirement that the shares must not be sold below value. Because other creditors also claim rights to the assets of the investment house that has become difficult.
Observers consider it possible that A-CAP keeps the shares in the end-through a so-called “Credit Bid”, in which claims from existing loans are used to offset the purchase price. It will be shown whether external interested parties come into play in view of the complex legal situation and the debt burden.