The operation gives Standard a little breathing room, but it does not bring additional cash, since it is an operation to pay debts to suppliers and reduce pressure in anticipation of the next hoped-for sale ( at what amount, and with which candidate?). It also allows you to stay on track for future license checks.
777 SDL published its accounts…in the red
777 SDL, the company which owns Standard and Hertha Berlin, has also published its accounts (a few months late, which exposes it to a fine). These accounts show a loss of €52 million as of December 31, 2023. On this side too, a capital increase of €142 million is planned.
It is important to specify that these accounts are not those of the Standard, currently being audited. These accounts show the loss in value of the assets of the company 777 SDL, due to the poor results of Standard and Hertha Berlin.
This photograph is above all an element which does not put A-Cap in a strong position to negotiate the sale of the Standard. Finally, note that a hearing was held this Monday in court for the Assar (architects’ offices) case against 777. The lifting of the seizure of the stadium (and training facilities), or not, is planned in around October 20 – the seizure request is abusive, according to the Standard. The bottom line – Should Assar receive €3 million? – will be processed in November.
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