{"id":125676,"date":"2021-05-19T16:31:47","date_gmt":"2021-05-19T16:31:47","guid":{"rendered":"https:\/\/precoinnews.com\/?p=125676"},"modified":"2021-05-19T16:31:47","modified_gmt":"2021-05-19T16:31:47","slug":"bundesliga-scraps-sale-of-stake-in-overseas-broadcasting-rights","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/bundesliga-scraps-sale-of-stake-in-overseas-broadcasting-rights\/","title":{"rendered":"Bundesliga scraps sale of stake in overseas broadcasting rights"},"content":{"rendered":"

MUNICH (Reuters) – Germany\u2019s top-flight soccer league has scrapped plans to sell a 25% stake in its overseas broadcasting rights after resistance from Bundesliga clubs concerned about private equity firms meddling in their affairs.<\/p>

FILE PHOTO: Soccer Football – Bundesliga – Bayern Munich v Schalke 04 – Allianz Arena, Munich, Germany – September 18, 2020 General view of the Bundesliga trophy before the match REUTERS\/Michael Dalder DFL regulations prohibit any use of photographs as image sequences and\/or quasi-video<\/figcaption>

The German Football League (DFL), which organises the country\u2019s top two leagues, said in a statement on Wednesday that the talks on the stake sale were not being continued for now.<\/p>\n

Earlier this month, DFL shortlisted buyout funds including KKR, Bridgepoint and CVC for a sale that had been expected to value the Bundesliga\u2019s overseas broadcasting rights at roughly 2 billion euros ($2.4 billion).<\/p>\n

The league\u2019s soccer clubs needed to agree with a two-thirds majority on moving to the final phase of the auction, but failed to achieve that threshold.<\/p>\n

In Italy, several clubs there also derailed a planned sale of a stake in the Serie A soccer league\u2019s broadcasting rights unit to buyout firms CVC and Advent. The sale of a 25% stake in the Bundesliga\u2019s overseas broadcasting rights, worth up to 500 million euros, would have brought outside investors into one of soccer\u2019s biggest leagues at a time when it is contending with a plunge in revenue.<\/p>\n

Earnings have shrunk because the Bundesliga is having to stage matches in empty stadiums during the COVID-19 pandemic and international TV networks are struggling with reduced advertising revenue from customers.<\/p>\n

\u201cIrrespective of (the scrapping of the sale), there was agreement that it is essential that clubs and DFL work together on concepts to push international marketing in particular,\u201d DFL said.<\/p>\n

DFL\u2019s overseas broadcasting rights business is expected to generate revenue of 230 million euros in 2020\/21 with sales projected to grow by about 8% annually to reach 478 million in the 2029\/30 season, according to documents prepared for potential investors.<\/p>\n

Distributable income will rise by 10% annually from 161 million to 385 million over the same period, the documents also showed.<\/p>\n

($1 = 0.8182 euros)<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

MUNICH (Reuters) – Germany\u2019s top-flight soccer league<\/p>\n","protected":false},"author":3,"featured_media":125675,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"\nBundesliga scraps sale of stake in overseas broadcasting rights - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/bundesliga-scraps-sale-of-stake-in-overseas-broadcasting-rights\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bundesliga scraps sale of stake in overseas broadcasting rights - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"MUNICH (Reuters) – Germany\u2019s top-flight soccer league\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/markets\/bundesliga-scraps-sale-of-stake-in-overseas-broadcasting-rights\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-19T16:31:47+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/05\/Bundesliga-scraps-sale-of-stake-in-overseas-broadcasting-rights.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/markets\/bundesliga-scraps-sale-of-stake-in-overseas-broadcasting-rights\/\",\"url\":\"https:\/\/precoinnews.com\/markets\/bundesliga-scraps-sale-of-stake-in-overseas-broadcasting-rights\/\",\"name\":\"Bundesliga scraps sale of stake in overseas broadcasting rights - 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