Buyout funds including CVC Capital Partners and Bain Capital are lining up preliminary bids for a stake worth some 1.5 billion euros (US$1.7 billion) in the French football league’s media rights business, four sources told Reuters.
Advent, Apollo, Bridgepoint, EQT, KKR and Silver Lake are also looking to submit offers for a stake of up to 20per cent in a new media rights company that the Ligue de Football Professionnel plans to set up, the sources added.
A deal could also lead to a rebalancing of the way the money is split between the 40 clubs of Ligue 1 and Ligue 2, to the advantage of bigger clubs, the sources said. At present the two top clubs, Paris Saint Germain and Olympique Marseille, each get less than 10per cent of total media rights revenue.
Read more/Source: Channel New Asia
