Lars Windhorst’s bank reported to regulator by Hertha Berlin
A Vienna-based private bank that provided confirmations of wire transfers supposedly made by German financier Lars Windhorst was reported to Austria’s financial regulator after the money failed to turn up on time.
In July 2020, Windhorst agreed to pay €150mn to raise his stake in football club Hertha Berlin from 49.9 per cent to 66.6 per cent.
A senior banker at European American Investment Bank repeatedly told the Bundesliga club in October and November 2020 that an expected payment of €25mn from Windhorst’s personal account was imminent, people familiar with the matter told the FT. However, despite the bank’s repeated assurances, only €5mn was paid at the end of October; the remaining €20mn was transferred in mid-December.
This story originally appeared on: Financial Times - Author:Cynthia O'Murchu
