Subscriber nudge+ 15,325 Posted October 5, 2022 Subscriber Share Posted October 5, 2022 As expected, yet another shitty investor wants to fuck off with having achieved literally nothing. Does anyone want to buy 64,7% of Big City Club for just 374 million Euros? Link to comment Share on other sites More sharing options...
Rucksackfranzose 4,364 Posted October 5, 2022 Share Posted October 5, 2022 Doesn't Windhorst's play thing amuse him anymore? Too bad. Expecting to sell his Hertha shares for the same price, he bought them for? Good luck with it- Tennor and Windhorst will need it. Link to comment Share on other sites More sharing options...
Subscriber nudge+ 15,325 Posted October 5, 2022 Author Subscriber Share Posted October 5, 2022 Link to comment Share on other sites More sharing options...
Moderator Tommy 12,610 Posted October 5, 2022 Moderator Share Posted October 5, 2022 1 hour ago, nudge said: As expected, yet another shitty investor wants to fuck off with having achieved literally nothing. Does anyone want to buy 64,7% of Big City Club for just 374 million Euros? Big Shitty Club* Link to comment Share on other sites More sharing options...
Subscriber nudge+ 15,325 Posted October 5, 2022 Author Subscriber Share Posted October 5, 2022 In all seriousness though, I wonder what happens next. Hertha clearly don't have that kind of money and can't buy those shares back, so Windhorst will have to find another buyer. However, I can't image anyone being crazy enough to pay a nonsensical, hugely inflated pre-covid price tag on a club that is mismanaged and has an image problem, so Windhorst will likely have to lower the price significantly, or keep on sitting on his investment (and risk it losing even more value). I assume that in case of a new investor, Hertha's board would still have to agree to someone else taking over? I am also reading that Hertha want to expel him out of the club, what would that mean in legal and fiscal terms? Link to comment Share on other sites More sharing options...
Rucksackfranzose 4,364 Posted October 5, 2022 Share Posted October 5, 2022 37 minutes ago, nudge said: In all seriousness though, I wonder what happens next. Hertha clearly don't have that kind of money and can't buy those shares back, so Windhorst will have to find another buyer. However, I can't image anyone being crazy enough to pay a nonsensical, hugely inflated pre-covid price tag on a club that is mismanaged and has an image problem, so Windhorst will likely have to lower the price significantly, or keep on sitting on his investment (and risk it losing even more value). I assume that in case of a new investor, Hertha's board would still have to agree to someone else taking over? I am also reading that Hertha want to expel him out of the club, what would that mean in legal and fiscal terms? Betrifft nur den Verein, sein Investment wäre davon unbeschadet. Link to comment Share on other sites More sharing options...
Coma 1,763 Posted October 5, 2022 Share Posted October 5, 2022 Here's a question. Because he allegedly owns 64.7% of the shares does that mean that Hertha aren't 50+1? Or can you own the shares but not own the voting rights? Link to comment Share on other sites More sharing options...
Rucksackfranzose 4,364 Posted October 5, 2022 Share Posted October 5, 2022 2 hours ago, Coma said: Here's a question. Because he allegedly owns 64.7% of the shares does that mean that Hertha aren't 50+1? Or can you own the shares but not own the voting rights? It's possible to own shares without voting rights, since Hertha is a KGaA, with the aA being the important part: German stock corporation law knows two kinds of Aktien (Stammaktien with voting rights and Vorzugsaktien without voting rights), so if a company is either a KGaA or an AG it's possible to own a majority of shares while simultanously only owing a minority of shares with voting rights. Link to comment Share on other sites More sharing options...
Coma 1,763 Posted October 18, 2022 Share Posted October 18, 2022 Deutsche Bank is dumping Hertha because of their association with Windhorst. https://www.ft.com/content/c4d2fbaf-7921-41d4-958c-f9505ab936c5 Link to comment Share on other sites More sharing options...
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