Deals

U.S. Investors Said to Near Deal for FC Kaiserslautern Stake

FC Kaiserslautern players celebrate a goal during a 3. Liga match at Fritz-Walter-Stadion in Kaiserslautern, Germany, on Jan. 15.Photographer: Christian Kaspar-Bartke/Getty Images

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By David Hellier and Stefan Nicola

March 23, 2022 at 5:59 PM UTC

Updated on

March 24, 2022 at 9:34 AM UTC

This article is for subscribers only.

A group of U.S. investors is nearing a deal to buy a roughly 10% stake in German football club FC Kaiserslautern, according to people familiar with the matter.

Paul Conway, co-founder of Pacific Media Group, is in advanced discussions with Kaiserslautern and a deal could be announced as soon as this month, the people said. He’s teamed up with investors Chien Lee, Michael Kalt, Krishen Sud and Randy Frankel for the bid, the people said, asking not to be identified discussing confidential information.