CVC Capital Partners is the last remaining candidate in German soccer’s planned press rights partnership after an American financial investor black stone has retired, as announced Wednesday by the Deutsche Fussball Liga (DFL).
“Blackstone is no longer an option as a strategic marketing partner for the Bundesliga and Bundesliga 2 for several reasons after lengthy discussions,” the DFL said in a statement. “The process will continue with the CVC as per the planned schedule,” the DFL said, adding that it would not go into further details.
CVC and Blackstone recently offered around €1 billion for a stake in the rights, according to sources, in a bidding process in which Swedish private equity firm EQT also previously participated. However, there are concerns among clubs about CVC’s potential conflict of interest, as it already has similar football investments in France and Spain.
A decision must be made by the end of March, but football fans are now making their voices heard on the matter, having repeatedly disrupted Bundesliga matches in recent weeks with protests against upon entry of a financial investor.
Source: La Verdad
I’m Rose Herman and I work as an author for Today Times Live. My expertise lies in writing about sports, a passion of mine that has been with me since childhood. As part of my job, I provide comprehensive coverage on everything from football to tennis to golf.
