From goal posts to fishnets, German investor Windhorst hurries to clear billion-plus debt

Published by
Reuters

By John O’Donnell and Tom Sims FRANKFURT (Reuters) – Lars Windhorst, the businessman behind German soccer club Hertha Berlin, said he will repay more than 1 billion euros ($1.2 billion) within months, by selling assets to rid himself of debt and get his finances on a stable footing. Windhorst told Reuters in a rare interview that his investments, which include Italian lingerie firm La Perla, a 236-metre tall New York apartment block and a shipbuilder, were worth between 3 and 4 billion euros, outstripping his debts. As the main investor in one of Germany’s biggest soccer clubs, Windhorst’s fin…

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