Blackstone’s Blitzer Taps Lazard for Potential FC Augsburg Sale

A key investor of German football club FC Augsburg is sounding out a potential sale that could value the team at more than €150 million ($163 million), according to people familiar with the matter.

An investor consortium led by Blackstone Inc partner David Blitzer is working with Lazard to assess interest in the club, the people said, declining to be identified because the information is private. The deliberations are early stage and potential suitors haven’t been approached yet, some of the people added.

Blitzer invested into Augsburg in 2021 as part of an unusual deal for German football. The country’s ...