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Fan protests are having an impact: potential DFL investor pulls out

2024-02-14T10:00:00.290Z

Highlights: Fan protests are having an impact: potential DFL investor pulls out. CVC is the only remaining option for the DFL. Blackstone's offer for eight percent of a DFL subsidiary, in which all media rights are outsourced, is said to have been worth one billion euros. The DFL emphasized in advance that it was “always aware that the key points and red lines adopted in December placed high demands on potential partners” The process will continue with CVC according to the planned schedule.



As of: February 14, 2024, 10:46 a.m

By: Jannek Ringen

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Split

Two potential DFL investors, Blackstone and CVC, were still in the running.

However, Blackstone has now withdrawn.

Frankfurt – The protests against investors joining the DFL are currently keeping the Bundesliga on its toes.

There are always long interruptions, and sometimes games are even about to be canceled.

As the DFL announced on Tuesday, one of the two potential investors has now withdrawn.

Blackstone withdraws as DFL investor

In January, the DFL narrowed the circle of potential investors after they had introduced themselves in detail.

After that, only Blackstone and CVC were left in the running.

The DFL wanted to go into the next steps of the negotiations with these two, but Blackstone also withdrew on Tuesday, so only CVC is left.

In response to a query from the

SID

, the DFL confirmed the end of the private equity company.

“We confirm that, after good discussions, Blackstone is no longer considered as a strategic marketing partner for the Bundesliga and 2nd Bundesliga for various reasons,” it says.

However, the league did not give any concrete reasons.

Fan protests are now the order of the day on match days.

© IMAGO / Team 2

The protests of the active fan scene as reasons for the end?

While the DFL does not give any further reasons for Blackstone's withdrawal, the financial news agency

Bloomberg

reports why the company withdrew.

On the one hand, the hesitant behavior of the Bundesliga clubs is one of the reasons.

On the other hand, the ongoing fan protests in the Bundesliga stadiums are said to have caused Blackstone to withdraw.

After the Bundesliga clubs voted with a narrow two-thirds majority in December for investors to come in, the protests from the active fan scene gained momentum.

They fear that a potential investor could exert too much influence on the Bundesliga and that, for example, the match day would be further fragmented.

Last weekend, for example, the game between Union Berlin and VfL Wolfsburg was about to be canceled.

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Unfortunate situation for the DFL – last option CVC

Following Blackstone's exit from the negotiations, the DFL finds itself in an unfortunate position as CVC is the only remaining option.

Blackstone's offer for eight percent of a DFL subsidiary, in which all media rights are outsourced, is said to have been worth one billion euros.

The DFL emphasized in advance that it was “always aware that the key points and red lines adopted in December placed high demands on potential partners.”

She now added that the process will continue with CVC according to the planned schedule.

According to the

SID

, the company is “continuing to work with full enthusiasm” and “convinced of the deal”.

(jari)

Source: merkur

All sports articles on 2024-02-14

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