Football’s Last Holdout to Private Equity to Consider Deal (1)

Germany’s top professional football clubs voted in favor of a potential TV rights sale, a deal that could help narrow the gap with the UK’s Premier League and mark the entry of private equity into the league.

German football is one of the last holdouts to foreign investment, with its clubs protected from full takeovers, and smaller clubs repeatably rebuffing previous attempts to agree on private equity investment.

At least 24 teams in the DFL football league voted on Monday to continue exploring a potential deal with private equity firms, Bloomberg reported. The DFL Deutsche Fussball Liga GmbH later confirmed ...