MUNICH, Germany (Reuters) - Sweden-based investor EQT has pulled out of the bidding process for Germany's Bundesliga soccer media rights, a source with knowledge of the process told Reuters on Monday.
The reason for this decision, coming just two days before a German Football League membership meeting, was the financial expectations of the DFL for selling the 12.5% stake but also doubts about whether investors can have sufficient influence.This now leaves the remaining offers from financial investors Advent, CVC and Blackstone.
The holding company that controls the media rights is valued at an estimated 15 to 18 billion euros , according to sources.National soccer leagues in Europe are increasingly eyeing external funding around broadcasting arrangements as they look at ways to boost revenues and increase their global reach.
The Bundesliga is ranked as Europe's second-biggest soccer league by revenue after England's Premier League. DFL began informally sounding out bidders last year, but delays in gaining consensus among German clubs resulted in the resignation of its former chief executive Donata Hopfen.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Soccer-Dortmund keep lid on euphoria as Bundesliga title race goes to the wireBERLIN (Reuters) - Borussia Dortmund are one win away from clinching their first Bundesliga title in 11 years but they are desperate to keep a lid on the city's bubbling euphoria until the job is done.
Read more »
Soccer-Italy's soccer prosecutor requests Juventus be docked 11 points - sourcesMILAN (Reuters) -Italy's soccer prosecutor has asked for Juventus to be docked 11 points in the current Serie A season in a new hearing around the club's transfer dealings case, two sources close to the matter said on Monday.
Read more »
Soccer-Manchester City win Premier League title as Arsenal loseLONDON (Reuters) -Manchester City were confirmed as Premier League champions for the fifth time in six seasons on Saturday without even having to kick a ball after second-placed Arsenal's challenge ended in defeat away at Nottingham Forest.
Read more »
Factbox-Soccer-Manchester City's five Premier League titles under Guardiola(Reuters) - Manchester City won their seventh Premier League title in 12 seasons after second-placed Arsenal were beaten 1-0 by Nottingham Forest on Saturday.
Read more »
Soccer-Arsenal defeat hands Man City title, keeps Forest safeNOTTINGHAM, England (Reuters) - Arsenal's last-flickering hopes of winning the Premier League were extinguished on Saturday by Nottingham Forest, whose 1-0 win courtesy of Taiwo Awoniyi secured their top-flight status.
Read more »
Soccer-Mbeumo double as Brentford fight back to win at TottenhamLONDON (Reuters) - Brentford shrugged off an eight-month ban imposed on striker Ivan Toney as Bryan Mbeumo scored twice in a 3-1 win at Tottenham Hotspur on Saturday in their penultimate Premier League game of an impressive season.
Read more »