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SBD Global/July 16, 2014/Finance

Hong Kong Businessman Set To Invest $6.8M In Bundesliga Side Hertha Berlin

Hertha Berlin set to receive $6.8M investment from Hong Kong businessman.
Bundesliga side Hertha Berlin will reportedly get a €5M ($6.8M) windfall, according to Katharina Metag of BILD. A wealthy businessman from Hong Kong "is reportedly interested in investing in the club." Talks between the businessman and the club "are reportedly well advanced." The club generated about €80M ($109M) over the past several months "through the investment of a new strategic partner, global investment firm KKR, and the sale of strikers Adrian Ramos and Pierre Lasogga." KKR "was also the one that established the initial contact between the club and the businessman." Hertha GM Michael Preetz explained the club's "current positive financial situation" by saying, "Important was the strategic partnership with KKR which completely changed our liabilities. We are now economically sound" (BILD, 7/15).
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