Germany’s football body has appointed Deutsche Bank AG to lead the possible sale of a package of media rights, Bloomberg News reported on Monday, citing people familiar with the matter.
In June, Bloomberg News reported that the German Football League (DFL) was considering selling as much as 20% of a unit which houses its domestic and international broadcasting rights. It was also exploring other funding options, including loans and other strategic investment ideas, the report had said.
Advent International, Blackstone Inc, CVC Capital Partners, EQT AB and KKR & Co are among the companies that are considering investing, the report added.
Last year, the DFL had scrapped plans to sell a 25% stake in its overseas broadcasting rights after resistance from Bundesliga clubs concerned about private equity firms meddling in their affairs.
Read more: Yahoo Finance
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.