New investor is already negotiating
Hertha BSC is now also threatened with Saudi money
03/20/2023, 1:01 p.m
Hertha BSC presented the new investor on Monday of the past few weeks. With 777 Partners from Miami, the club should finally find peace again. But a “Bloomberg” report is causing new unrest. Newcastle United’s Saudi Arabian owners could soon have a say at the capital club.
Bundesliga club Hertha BSC could apparently receive money from Saudi Arabia via detours in the future after the investor 777 Partners got involved. As reported by the agency “Bloomberg”, which specializes in economic and financial issues, the US company is itself looking for a financier for its football division – and is said to have approached the Saudi Arabian owners of the Premier League club Newcastle United be.
The private investment company based in Miami officially joined the Berliners last week and secured 78.8 percent of the capital shares in Hertha BSC GmbH & Co. KGaA in the course of the capital increase. According to Bloomberg, 777 is now said to have approached five possible investors, including British businesswoman Amanda Staveley, who is involved with Newcastle.
Staveley is said to have helped arrange the takeover of the traditional club by the Saudi state fund PIF 2021. In addition to Newcastle United, the new owners of Chelsea FC, Todd Boehly and Clearlake Capital, are said to be interested in “Triple Seven” and have been in talks with the new Hertha investor, “The Athletic” reported at the beginning of March.
According to the Bloomberg report, should 777 enter into a deal with Staveley, money from the Saudi state fund could flow into the Hertha account and thus into the Bundesliga for the first time. At the request of the “Süddeutsche Zeitung”, Hertha announced that the subject of resale was regulated in the contract – but the club did not want to answer detailed questions about the contracts.
777 also did not comment on an SZ request. “Triple Seven” also invests in six other clubs around the world, including FC Genoa in Italy and FC Sevilla in Spain. The Americans are initially making 100 million euros available to the clammy Bundesliga club Hertha.