German soccer seeks foreign investor despite fans’ refusal

German soccer seeks foreign investor despite fans' refusal

The plan is to found a subsidiary that deals with broadcasting rights of which 12.5 percent would be sold to a external investor for the next 20 yearswith which it is intended to obtain income of 2,000 million euros.

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The representatives of the 36 clubs from the First and Second Bundesliga shall decide on May 24 on the project, whose approval requires a two-thirds majority.

Looking ahead to that moment, DFL Managing Director Axel Hellmann and Supervisory Board Chairman Hans-Joachim Watzke They have met with representatives of fan groups to try to allay the concerns that exist.

Watzke, for his part, said that he had spent twenty years fighting for the maintenance of the 50+1 rule -that requires members to have at least 51 percent of the votes in club decisions-, except for exceptions – as to now allow the entry of a “Trojan horse” that increases the influence of investors.

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within the Concerns from fan groups it is that there is a greater diversification of the start times of the matches of each day.

The DFL was recently forced to abolish Monday matches due to resistance from fan groups.

In this regard, Helmann said that the DFL could already diversify the schedules, which however it has not done and will not do with the arrival of an investor.

 

The entrance German soccer seeks foreign investor despite fans’ refusal was first published on newspaper TODAY.

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