President Kay Bernstein, Josh Wander, the CEO of Investor 777 Partners and Managing Director Thomas Herrich (from left) continue to plan the future together Photo: picture alliance/dpa
By Carsten Priefer
Good news for cash-strapped Hertha! Already on September 14th, BZ reported that Hertha would soon transfer more than 15 million euros from investor 777 Partners. That has now happened, the “Kicker” also reports.
The third tranche of almost 20 million euros is part of the total volume of 100 million euros that 777 Partners promised the club for two years when it joined in March 2023.
The money comes at the right time – Hertha remains able to act!
But it is not a liberation. Because the Berliners are threatened with huge severance payments if various labor court cases are lost – which many legal experts assume. Lawsuits from ex-manager Fredi Bobic (51), ex-NLZ director Pablo Thiam (49), ex-goalkeeper Rune Jarstein (38) and ex-media director Marcus Jung (54) are pending.
One thing is certain: Hertha can now meet the requirements imposed by the DFL with the fresh money from the Miami-based investor.
But it is also clear: Hertha must continue to reduce costs and is dependent on financial support from 777 Partners.