The German Football League’s (DFL) raising of €500 million from venture capital markets will move into the next phase on Wednesday when club vote on plans that effectively move second round bidders into a final negotiation for a stake in the Bundesliga’s overseas rights.

In March DFL boss Christian Seifert confirmed that the league is offering a 25.1% stake in a new company to handle its media rights in a 25-year deal.

A prospectus had been send to 30 private equity firms and that the DFL is seeking to create two new subsidiaries – a ‘MediaCo’ division to sell Bundesliga’s media rights internationally, and a ‘DigitalCo’ to market the DFL’s esports competitions.

Read more/Source: Inside World Football