Qatar Germany FIFA media rights Qatar Germany

Germany's DFL delays Bundesliga media rights deal amid club debates –sources

channelnewsasia.com

FRANKFURT/MUNICH : Germany's soccer governing body has pushed back the sale of a $3.6 billion stake in the Bundesliga's media rights business to next year amid a lack of consensus among the 36 clubs in the country's first and second league, five sources told Reuters.Deutsche Fussball Liga (DFL) was initially expected to get the ball rolling on the sale of a 20 per cent stake in a newly-created company handling the Bundesliga's media rights in October.The business is valued at between 15 and 18 billion euros, with a 20 per cent stake priced at about 3.6 billion euros ($3.81 billion).However, the deadline for indicative offers has been delayed to the first quarter of next year, with original plans to complete the process in March now in doubt, one of the sources said, speaking on condition of anonymity.

DFL declined to comment.The role of DFL boss Donata Hopfen, who committed to a deal after a previous auction last year fell through, is now in question because of the delays, two of the sources said.A supervisory board meeting will be held on Wednesday to discuss such matters, one source said.During a DFL member meeting in mid-November, Hopfen announced a working committee to deal with the transaction, which requires at least two thirds of Bundesliga clubs to sign off on key decision points.

The FIFA World Cup has also been a delaying factor with key DFL executives in Qatar, two of the sources said. Germany lost out on a place in the knockout stages of the tournament last Thursday.

Several private equity funds including CVC, Bain Capital, KKR, EQT, Advent, Blackstone and Bridgepoint came forward earlier this year to express interest in the deal.

Related News
BERLIN: Disgraced former tennis superstar Boris Becker was due back in Germany on Thursday after being deported following his release from a British prison where he served a sentence relating to his 2017 bankruptcy, his lawyer said. The 55-year-old German six-time Grand Slam champion “was released from custody in England and has left for Germany today,” his Berlin-based attorney Christian-Oliver Moser said in a statement.
Disgraced former tennis superstar Boris Becker is due back in Germany after being deported following his release from a British prison where he served a sentence relating to his 2017 bankruptcy, his lawyer said.
BERLIN: Disgraced former tennis superstar Boris Becker was due back in Germany on Thursday (Dec 15) after being deported following his release from a British prison where he served a sentence relating to his 2017 bankruptcy, his lawyer said.
LONDON :German tennis star Boris Becker, 55, has been freed from a British prison and will be deported from the country, PA Media reported on Thursday.

Latest News

Change privacy settings
This page might use cookies if your analytics vendor requires them.