Thursday, November 4th, 2021
Windhorst disagrees
Court declares Tennor Holding bankrupt
According to a court, the Tennor Group from Hertha-Investor Windhorst cannot meet its payment obligations. The construct announces that it will take action against the decision. An agreement has been reached with the applicant – and will also generate a high profit.
A Dutch court has declared the Tennor Holding BV part of Hertha investor Lars Windhorst’s bankruptcy. A spokesman for the tax court in Amsterdam said the verdict was already on November 2nd. An insolvency administrator has been appointed. Tennor wants to take action against the decision of the Amsterdam court.
Tennor is best known in this country because the company acquired 49.9 percent of the GmbH & Co. KGaA from the Bundesliga club Hertha BSC in 2019 for 224 million euros. In July 2020, Tennor put another 150 million euros into the Bundesliga club, increasing its stake in Hertha BSC GmbH & Co. KGaA to 66.6 percent.
“We have appealed,” said a Tennor spokesman. The company is not insolvent. Like all other investments, Hertha BSC is in no way affected by the court’s decision. It is assumed that the court will allow the objection.
“Tennor has reached an out-of-court settlement with the applicant,” said the spokesman. The company will generate a high profit in 2021 and will meet all obligations. Lars Windhorst wrote on Twitter: “The Tennor Group and my group of companies are solvent.”