(Bloomberg) Greensill Capital is considering filing for insolvency after Credit Suisse Group AG froze $10 billion worth of investment funds that Lex Greensill’s trade finance firm had relied on as buyers of the debt securities it issues. The firm has internally discussed filing for insolvency within days, according to people briefed on the matter. It’s simultaneously in talks on a sale of its operating business to Apollo Global Management Inc., according to one person. Greensill Capital on Tuesday made use of so-called “safe harbor protection” that’s allowed under Australian insolvency laws, according to another person familiar with the matter. The move effectively buys directors more time to work out alternative financing as it protects them from personal liability for insolvent trading. Officials for Greensill and Apollo declined to comment. The discussions follow the decision by Credit Suisse on Monday to freeze a group of supply-chain-finance funds that it ran with help
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Khedira a reluctant savior for his new Bundesliga club
By JAMES ELLINGWORTHFebruary 4, 2021 GMT
DÜSSELDORF, Germany (AP) Buckle up, Sami.
After playing only 28 minutes in all of 2020, Sami Khedira could take part in his first game since June on Friday when Hertha Berlin hosts defending champion Bayern Munich.
It will be like going “from zero to 100,” Hertha coach Pal Dardai said.
The challenge for Khedira, who previously played for Real Madrid and Juventus, is balancing the urgent need for game time against the risk of injury.
Although struggling Hertha needs a spark in its midfield, Dardai warned that Khedira could “get muscular problems or overload” with a sudden return to competitive action. At the same time, the coach said he had weighed up “throw(ing) him in there because game time is important” even if Khedira takes time to get up to speed.
Hertha Berlin signs Khedira from Juventus
Hertha Berlin brought Sami Khedira back to the Bundesliga after 10 1/2 seasons away on Monday, hopeful the World Cup winner will help lead the ambitious club to bigger and better things.
The Canadian Press Sami Khedira , The Canadian Press
BERLIN Hertha Berlin brought Sami Khedira back to the Bundesliga after 10 1/2 seasons away on Monday, hopeful the World Cup winner will help lead the ambitious club to bigger and better things.
The 33-year-old former Germany midfielder was joining the club from Juventus, Hertha said on the last day of the winter transfer period. Hertha did not give the length of Khedira’s contract nor any other financial details of the deal.