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US News Booing: Gegenbauer remains Hertha President

17:25  25 october  2020
17:25  25 october  2020 Source:   pressfrom.com

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Diese Statistik zeigt in der Detailansicht die bisherigen Stationen von Werner Gegenbauer . Die Tabelle gibt zudem Aufschluss über den Amtsein- und den -austritt des Trainers.

At the general meeting on Sunday, Hertha President Werner Gegenbauer received a memo. Despite a significant loss in the past financial year, the Berliners see themselves in a good financial position.

Erneut gewählt, aber mit schlechtem Ergebnis: Werner Gegenbauer. © imago images Re-elected, but with poor results: Werner Gegenbauer.

Werner Gegenbauer will remain President of Hertha BSC for the next four years. The 70-year-old entrepreneur was confirmed in his office at the general meeting on Sunday. Gegenbauer, however, did not receive the undivided approval of the 1079 members present.

542 voted for the new old president, but also 421 against him, with 49 abstentions - a bad result. One member, for example, closed his criticism of Gegenbauer with the words: "I urge you not to run for office and to clear the way." The member's request was met with applause, and when the election result for Gegenbauer was then certain, there were clearly audible boos.

New players and the coronavirus: Hertha BSC's debts at a new high

 New players and the coronavirus: Hertha BSC's debts at a new high Hertha BSC has invested heavily in the team, and the coronavirus pandemic has also led to a drop in income. This is reflected in the balance sheet. © Photo: imago images / Matthias Koch Uncomfortable times. Because of Corona, the financial situation is not easy for Hertha's managing director Ingo Schiller (left). The millions of Invester Lars Windhorst are very helpful. Ingo Schiller last saw photos of full football stadiums.

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Hertha wants to have 50,000 members

The new old president, who has been the capital's club's first man since 2008, is now entering his fourth term and sees "a whole range of tasks" for the committee, first and foremost securing the club in times of the Corona -Pandemic. In addition, Gegenbauer and his colleagues have the goal that Hertha BSC will have 50,000 members in the next four years (currently 38,020). And you need a decision on the new stadium "in the next two years", so Gegenbauer.

The Olympiastadion is still the sporting home of Hertha BSC. And the meeting in October 2020 experienced a novelty this time, as it did not take place on the exhibition grounds as usual, but in the open air because of the corona pandemic: in the east curve of the Olympic Stadium.

fans in a rage: memorandum for Hertha boss

 fans in a rage: memorandum for Hertha boss Werner Gegenbauer is confirmed as president at Hertha BSC, but previously heavily criticized by a fan. There is one point where it can shine. © Provided by sport1.de Fans in Rage: Memo for Hertha Boss The man at the microphone was talking in rage - and he hit a nerve with many Hertha fans.

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59 million euros loss in the 2019/20 financial year

Financially, the Corona crisis also has an impact on the Bundesliga club. For the 2019/20 financial year (as of June 30, 2020) Hertha BSC GmbH & Co. KGaA reported a loss of 59 million euros. Income of 122.2 million euros is offset by expenses of 181.2 million euros, including 80 million euros for personnel (70 million euros for the Bundesliga team plus coach and functional team). 35.7 million of the losses were due to the corona pandemic-related shortfalls in income compared to planning.

146.7 million euros equity capital - "still unimaginable two years ago"

Nevertheless, Hertha is financially "well positioned" according to the words of Managing Director Finance Ingo Schiller. The liabilities as of June 30, 2020 - also due to the repurchase of shares from the previous investor KKR - amounted to 141.7 million euros, but this is offset by equity of 146.7 million, which is compared to that of 2019 (123.7 million euros Million) has increased again. A value "that was unimaginable for Hertha BSC two years ago," said Schiller. This is based to a not inconsiderable part on the investment by Lars Windhorst and his Tennor Holding, which joined Hertha in June 2019 and has so far put 274 million euros into the club. The last tranche of 100 million euros for the time being will soon come to the Hertha account.

For the current season, the Berliners are again expecting Corona-related reduced income in the mid double-digit million range. According to Schiller, for example, home games without spectators will be planned from November 1st, the home game against VfL Wolfsburg, until the end of the season. The CFO expects - also through the Tennor million - by June 30, 2021 with a further clearly positive liquidity, a further increase in equity and a reduction in liabilities in the double-digit million range.

Hertha has to wait even longer for another 100 million euros. .
The next injection of funds will take a while. Hertha BSC and investor Lars Windhorst have agreed a payment plan. © imago images Hertha's investor: Lars Windhorst. shareholder Windhorst has postponed his payment of another 100 million euros to Hertha BSC. A payment plan has now been agreed with the capital club, as a Windhorst spokesman said on Wednesday, confirming a report by "Sport Bild".

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