German Football Rejects Media Rights Sale to Private Equity
- DFL fails to secure two-thirds majority to procced with deal
- CVC, Blackstone and Advent were interested in investing
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Germany’s professional football body has failed to secure backing from clubs to sell a stake in its media rights to private equity.
DFL Deutsche Fussball Liga GmbH did not secure the two thirds majority of 36 Bundesliga clubs needed to proceed with the plan at a meeting on Wednesday.