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Football’s Last Holdout to Private Equity to Consider Deal
- Bundesliga teams voted in favor of a potential TV rights sale
- German football’s third attempt to raise external capital
Bayern Munich's Harry Kane.
Photographer: Jurij Kodrun/Getty ImagesThis article is for subscribers only.
Germany’s top professional football clubs voted in favor of a potential TV rights sale, a deal that could help narrow the gap with the UK’s Premier League and mark the entry of private equity into the league.
German football is one of the last holdouts to foreign investment, with its clubs protected from full takeovers, and smaller clubs repeatably rebuffing previous attempts to agree on private equity investment.