Tennor Holding, a global investment holding company, acquired a 37.5% stake in Hertha Berlin, a German football club based in the Charlottenburg locality of Berlin, for €125m. It was also agreed that an increased share up to 49.9% in the future could materialise. President of Hertha, Werner Gegenbauer, said: “Today is a good day for Hertha BSC. This partnership is a result of the development that we are making. The president of Hertha BSC is always anxious to ensure the club has a solid financial basis to work off in the future. This aspiration and also the preservation of our club culture are reflected in this new partnership.”