Contrasting Windhurst: Court declares Tenor Holdings bankrupt

Thursday 4 November 2021

Windhurst disagrees
Court declares Tenor Holdings bankrupt

According to the court, Hertha-Investor Windhorst’s Tennor Group cannot meet its payment obligations. The builder announces that it will take action against the decision. An agreement is reached with the applicant – he will also bring a high profit.

A Dutch court has announced that Tennor Holding BV is part of the bankruptcy of Hertha investor Lars Windhurst. A spokesman for the Amsterdam Tax Court said the ruling had already been issued on November 2. An insolvency official has been appointed. Tenor wants to take action against the Amsterdam court’s decision.

Tenor is famous in this country because the company has acquired 49.9 percent of GmbH & Co. KGaA from German club Hertha in 2019 for €224 million. In July 2020, Tenor put another 150 million euros into the Bundesliga club, increasing his stake in Hertha BSC GmbH & Co. KGaA to 66.6%.

“We have appealed,” a spokesman for Tenor said. The company is not insolvent. Like all other investments, Hertha BSC is in no way affected by the court’s decision. It is assumed that the court will allow the objection.

“Tenor reached an out-of-court settlement with the applicant,” the spokesperson said. The company will achieve high profits in 2021 and will fulfill all obligations. “The Tenor Group and my group of companies have great financial capacity,” Lars Windhorst wrote on Twitter.