BERLIN (Reuters) - Germany's football league (DFL) presented a proposal on Wednesday to the country's independent competition authority that aims to tighten ownership of clubs and rule out major investors taking over control of teams.
Current ownership rules blocks major investors from controlling a majority of voting rights in Bundesliga clubs under its '50+1' rule, except for VfL Wolfsburg, Hoffenheim and Bayer Leverkusen.
According to current DFL rules clubs cannot compete in the Bundesliga if commercial investors have more than a 49% stake. Clubs in Germany historically were not-for-profit organisations run by member associations.
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