DFL's $3.6bn private equity raise hits club's roadblock
December 7 - The German Football League (DFL) has reportedly blocked the sale of a $3.6 billion stake in Bundesliga media rights after several concerns over the capital raise.
>At the end of August, the LDF returned to the private equity markets for a second time, this time bringing in Deutsche Bank as an adviser on the potential sale of a broadcast rights package.
Deutsche Bank has reportedly identified investment options, one of which is the sale of a stake in a new subsidiary that would hold domestic and international broadcast rights to the Bundesliga and Bundesliga 2. total valuation of these rights was $18 billion.< /p>
In May 2021, the DFL broke off talks with private equity firms over a deal that would then have raised $500 million for a 25% stake in the league's international rights.
The latest foray into the private equity market was initiated by new DFL boss Donata Hopfen. CVC, Bain Capital, KKR, EQT, Advent, Blackstone and Bridgepoint have all reportedly expressed interest in the deal.
To move forward with an agreement, two-thirds of the member clubs must give their approval.
The DFL would hold a supervisory board meeting today to discuss fundraising.
In November, the DFL announced the creation of a working committee to manage the agreement. The timetable, with expressions of interest now closed, was to send information packages in November and submit non-binding offers in December.
The plan was to close the deal in March. This now appears to have been pushed back and could be in danger of being withdrawn altogether if enough clubs do not accept the proposals.
Contact the author of this story at moc.l1670472129labto1670472129ofdlr1670472129owedi1670472129sni@n1670472129osloh1670472129cin.l1670472129uap1670472129
December 7 - The German Football League (DFL) has reportedly blocked the sale of a $3.6 billion stake in Bundesliga media rights after several concerns over the capital raise.
>At the end of August, the LDF returned to the private equity markets for a second time, this time bringing in Deutsche Bank as an adviser on the potential sale of a broadcast rights package.
Deutsche Bank has reportedly identified investment options, one of which is the sale of a stake in a new subsidiary that would hold domestic and international broadcast rights to the Bundesliga and Bundesliga 2. total valuation of these rights was $18 billion.< /p>
In May 2021, the DFL broke off talks with private equity firms over a deal that would then have raised $500 million for a 25% stake in the league's international rights.
The latest foray into the private equity market was initiated by new DFL boss Donata Hopfen. CVC, Bain Capital, KKR, EQT, Advent, Blackstone and Bridgepoint have all reportedly expressed interest in the deal.
To move forward with an agreement, two-thirds of the member clubs must give their approval.
The DFL would hold a supervisory board meeting today to discuss fundraising.
In November, the DFL announced the creation of a working committee to manage the agreement. The timetable, with expressions of interest now closed, was to send information packages in November and submit non-binding offers in December.
The plan was to close the deal in March. This now appears to have been pushed back and could be in danger of being withdrawn altogether if enough clubs do not accept the proposals.
Contact the author of this story at moc.l1670472129labto1670472129ofdlr1670472129owedi1670472129sni@n1670472129osloh1670472129cin.l1670472129uap1670472129
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