This is a gut punch for padel fans. The launch of the celebrity-backed Hexagon Cup is now tainted by accusations against former banker Tyron Birkmeir who is alleged to have messed up nearly almost a million pounds in investor funding.
Two investors, who believed they were buying into the Hexagon Cup’s equity, found out their ownership stakes are nowhere to be seen. Instead, the entire position is listed solely under Generali Hexagon Cup name. This alleged financial mismanager, operating through Lurra Capital, is accused of turning the investment into his private stake.
The worst part? When challenged, Birkmeir reportedly tried to walk back the deal, claiming it was always just a loan and offering to return only the principal—no shares, no profits. It’s a huge letdown for the tournament, and the silence from Hexagon Cup management is making things worse. This controversy is overshadowing what should be a celebration of padel, all thanks to this disastrous intermediary.