Despite the timely submission of the licensing documents, Hertha BSC is still threatened with relegation from the 2nd Bundesliga.
As the “rbb” reports, this “horror scenario” in the club environment is currently no longer excluded – even if it is not very likely. The background to the license quarrels: the desolate financial situation of the Bundesliga relegated.
Spicy: There were already signs of the imbalance months ago, but apparently no adequate measures were taken.
According to the “rbb”, the old club management around Finance Director Ingo Schiller and President Werner Gegenbauer presented a financing plan internally in May 2022 in order to secure the licensing process, which was already ongoing at the time, with fresh loans and extensions of partnerships.
After the end of Schiller and Gegenbauer, however, these plans were not pursued, it is said. Hertha BSC informed the “rbb” that the new management around President Kay Bernstein had not received the financing plan.
Hertha BSC are missing 40 million euros
The information transmitted to “rbb” from the club environment that Schiller still acted as a consultant after his replacement was also denied by Hertha BSC to the broadcaster – as well as allegations that those responsible had failed to extend expiring loan agreements with banks.
In the course of this, Hertha’s credit line is said to have dropped from around 80 million euros to just 35 million euros, according to “rbb”, which in turn should mean that the club cannot easily fill short-term liquidity gaps.
The US investor 777 Partners is remarkably reticent in the current plight of Hertha BSC. According to “rbb”, it is likely that the company will not want to close the 40 million euro financing gap itself.
777 Partners told “rbb” that out of respect for the DFL’s licensing process, they did not want to say anything about possible financial aid. There is also a confidentiality agreement with regard to the content of the contract with Hertha BSC.