User:Martinfrena

Ludo Cernak is a Slovakian businessman and venture capitalist. He is a son of Ludovit Cernak - former minister of Economy of Slovak Republic. He was born on 23rd May 1981 in Banska Stiavnica (former Czechoslovakia).

He is Slovakian citizen who resided in Prague and Dubai. He is married and have two children. His main activities are real estate investments, distress assets acquisition and management. Lately his focus shifted toward the sports related tech companies and early stage companies within soccer. He’s part of the investors in several football ventures together with Christian Karembeu - retired French footballer.

His family owned SK Slovan Bratislava between 2005 and 2010 and he served as a board member and executive vice-president of the club while his father was president. In late 2009 the team was sold to another controversial Slovakian businessman - Ivan Kmotrik, who owns the club today.

Despite being generally considered as a successful heir and accepted as talented businessman and investor both his private and business life are marked by several controversies.

In late 2018, his real estate investment group renovated iconic Hotel Danube Bratislava located in the historical city center and allegedly did not follow the regulations which raised negative public opinion and call for the closure of the property. Hotel did not obtain necessary permissions from the authorities and was forced to cancel initial bookings. After four months of media followed public fight against authorities, district attorney of Bratislava I. issued an order to re-open the property as investor’s rights were limited by the municipality according to D.A.’s opinion. Hotel’s facade was central to the case as it does not respect the historical accent of the city center. On 29th April 2019 a fire caught the mentioned facade raising suspicions of fire being deliberately set. There were no injuries, though 93 people had to be evacuated by the fire brigade.