Brazil’s Football Teams Agree $500 Million Deal With Investors

The majority of Brazil’s top professional football clubs are set to sign an agreement with investors that could end a fight between rival leagues wrestling for control of the sport in the country.

Under the agreement, Brazil-based Life Capital Partners and Serengeti Asset Management will purchase a 20% stake in the commercial rights of the participating teams for 50 years, according to a statement from the investors on Wednesday.

The deal will value the stake at $500 million, according to a person familiar with the matter, who asked not to be identified discussing confidential information.

Despite the historic successes of ...