The financial situation at Hertha Berlin is worsening with the club now in constant contact with the DFL over the situation, Kicker reports.
On Monday morning, a Hertha spokesperson explained: “We are in regular contact with the DFL, both regarding the ongoing licensing process and the content of the partnership with our investor 777 Partners.”
Due to a complete lack of funds, there has been talk in recent months about whether Hertha will be granted a Bundesliga license at all. What’s more, the DFL are now investigating the deal between Hertha and investors 777. As a result of the deal, Hertha will benefit from a €100 million cash injection that they will receive over the next two years. The first instalment will be slightly less than €35 million.
Hertha’s spokesperson continued: “Both topics must be discussed and clarified while complying with all legal requirements – in particular the 50+1 rule – and substantive specifications. However, we will not comment further on these ongoing processes and speculation in the media at the moment.”
Citing Süddeutsche Zeitung, Kicker reports that the worst-case scenario will be Hertha being denied a Bundesliga license. An unnamed DFL source is quoted by the newspaper saying that Hertha is “the worse case we’ve ever seen.” Currently three points from safety, the Berliners are fighting for their survival on the pitch as well as off it.
The report continues to explain that the license requirements of the DFL cannot be met without 777’s financial injection. If the deal is proven to break the 50+1 rules, Hertha Bundesliga’s license could very well be withdrawn.
GGFN | Jamie Allen