Business of Sports
Blackstone’s Blitzer Taps Lazard for Potential FC Augsburg Sale
- Deal could value German team at more than €150 million
- Augsburg finished Bundesliga in 11th place, best since 2014/15
An investor consortium led by David Blitzer is working with Lazard to assess interest in the club.
Photographer: Sebastian Widmann/Getty ImagesThis article is for subscribers only.
A key investor of German football club FC Augsburg is sounding out a potential sale that could value the team at more than €150 million ($163 million), according to people familiar with the matter.
An investor consortium led by Blackstone Inc partner David Blitzer is working with Lazard to assess interest in the club, the people said, declining to be identified because the information is private. The deliberations are early stage and potential suitors haven’t been approached yet, some of the people added.