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SBD Global/August 18, 2014/Franchises

Bundesliga Side Hertha Berlin Closing In On Deal With Hong Kong-Based Investor

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Bundesliga side Hertha Berlin is closing in on an $8M investment.
Bundesliga side Hertha Berlin is closing in on a €6M ($8M) windfall, according to Lamprecht & Ingwersen of BILD. Hertha GM Michael Preetz and CFO Ingo Schiller "are closing in on another investment deal." The duo generated an "unbelievable" €80M ($107M) for the club, through a strategic partnership with KKR (€61.2M) and the sales of players Adrian Ramos (€28M) and Pierre Lasogga (€22M). The previously reported talks with an investor from Hong Kong "have been successful, and the deal is nearly done." Schiller: "It is true that we are in talks. However, there's nothing more to say at the moment." The deal "is expected to be signed within the next two weeks." The Hong Kong-based businessman "will reportedly loan Hertha" €6M. The minimum duration of the deal "will be seven years." It means that the club has seven years to pay back the €6M, but the investment "will immediately increase its capital." In return, the investor "will receive previously negotiated interest on his investment for each fiscal year in which the club turns a profit" (BILD, 8/14).
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