German soccer league clubs give green light for investor stake in Bundesliga

BERLIN : Germany's first and second league soccer clubs voted on Monday in favour of letting a financial investor take a stake in the Bundesliga media rights company, sources familiar with the matter told Reuters.

Up to 8 per cent of the league's media rights subsidiary could be sold, worth between 900 million and 1 billion euros ($1.08 billion). The investment companies Advent, Blackstone, CVC and EQT have submitted non-binding bids, sources said.

($1 = 0.9297 euros)

(This story has been refiled to fix a typo in the name and RIC of the investment company EQT in paragraph 2)