Overview

• A public auction at Cadwalader, Wickersham & Taft LLP’s New York offices is scheduled for June 7 at 10 a.m. Eastern Time to sell the majority stake once held by 777 Partners.
• After injecting €75 million in 2023, 777 Partners fell into financial distress and entered wind-up proceedings earlier this year.
• Advantage Capital Holdings, as lead creditor, replaced 777 Partners on Hertha’s supervisory board and could submit a credit bid at the sale.
• Under contractual agreements, Hertha BSC holds veto and pre-emption rights and is evaluating a buyback option for the shares.
• The auction’s result will decide who controls the club’s majority stake and shape Hertha’s future financial strategy.