{"id":1643001,"date":"2022-09-16T13:55:48","date_gmt":"2022-09-16T17:55:48","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1643001"},"modified":"2022-09-16T13:55:57","modified_gmt":"2022-09-16T17:55:57","slug":"germanys-dfl-to-kick-off-bundesliga-media-rights-sale-in-october-sources","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/germanys-dfl-to-kick-off-bundesliga-media-rights-sale-in-october-sources\/","title":{"rendered":"Germany\u2019s DFL to kick off Bundesliga media rights sale in October \u2013 sources"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fgermanys-dfl-to-kick-off-bundesliga-media-rights-sale-in-october-sources%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1643001&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Alexander H\u00fcbner, Pamela Barbaglia and Andres Gonzalez<\/p>\n<p>MUNICH (Reuters) -Germany\u2019s soccer governing body is due to meet a second group of private equity investors on Monday before launching the sale of a $3.6 billion stake in the Bundesliga\u2019s media rights business towards the end of October, four sources told Reuters.<\/p>\n<p>\u00a0\u00a0\u00a0 Deutsche Fussball Liga (DFL) met with a first set of buyout funds including CVC Capital Partners this week and is looking to wrap up meetings with the remaining bidders next week, the sources said, speaking on condition of anonymity.<\/p>\n<p>\u00a0\u00a0\u00a0 Several heavyweight private equity funds have come forward to express interest in the Bundesliga rights race, including Bain Capital, KKR, EQT, Advent, Silver Lake, Blackstone and Bridgepoint, but the auction is only expected to start in late October, the sources said.<\/p>\n<p>\u00a0\u00a0\u00a0 The discussions will help DFL gauge the level of interest in both the Bundesliga\u2019s domestic and international media rights and the size of the stake on offer, which could be anywhere between 10% and 20%, they said.<\/p>\n<p>\u00a0\u00a0\u00a0 A spokesperson for the DFL said the option of a \u201cstrategic partnership that brings growth capital and know-how\u201d was being examined, adding \u201ca formal sales process is currently being set up for this\u201d.    <\/p>\n<p>EQT, CVC, KKR, Advent, Bain, Blackstone and Silver Lake declined to comment, while Bridgepoint was not immediately available for comment.<\/p>\n<p>\u00a0\u00a0\u00a0 Bundesliga\u2019s media rights business is valued at between 15 and 18 billion euros, with a 20% stake priced at about 3.6 billion euros ($3.6 billion), the sources said.<\/p>\n<p>This is in line with the valuation of similar deals by Spain\u2019s La Liga and France\u2019s Ligue 1, where CVC recently invested, the sources said.<\/p>\n<p>National soccer leagues in Europe are increasingly eyeing private equity investments as they look at ways to boost capital and increase their global reach.<\/p>\n<p>SECOND BIGGEST<\/p>\n<p>The Bundesliga ranked as Europe\u2019s second biggest soccer league by revenue last year after England\u2019s Premier League.<\/p>\n<p>But this year its clubs\u2019 revenues are projected to be flat at 2020-21 levels of 3 billion euros, while both the Premier League and La Liga are expected to report an uplift in revenue partly due to their international broadcast arrangements, according to Deloitte\u2019s annual review of football finance.<\/p>\n<p>\u00a0\u00a0\u00a0\u00a0Bundesliga bidders have so far only received a so-called \u201cteaser\u201d document on the sale, which is a brief summary of the potential deal without any relevant detail on valuation or price expectations, the sources said.<\/p>\n<p>\u00a0\u00a0\u00a0 DFL, advised by Nomura and Deutsche Bank, is expected to send out confidential information packages later in the autumn and collect a first tranche of non-binding offers in December, one of the sources said.<\/p>\n<p>\u00a0\u00a0\u00a0 Before shortlisting the final bidders, a commission of DFL\u2019s top management and representatives of some clubs of both the Bundesliga and Germany\u2019s second tier Zweite Liga \u2013 the so-called Pr\u00e4sidium \u2013 will need to gather and give their approval to the sale entering the final stages, this source said.<\/p>\n<p>\u00a0\u00a0\u00a0 If all goes according to plan, DFL will then ask for binding bids at the start of 2023 and select a winner before the end of the first quarter, the sources said.<\/p>\n<p>($1 = 1.0040 euros)<\/p>\n<p> (Reporting by Alex Huebner, Pamela Barbaglia, Andres Gonzalez and Emma-Victoria Farr, additional reporting by Elvira Pollina, Editing by Mark Potter and Ed Osmond)<\/p>\n<p><a href=\"https:\/\/v3.oann.com\/germanys-dfl-to-kick\/file-photo-bundesliga-sc-freiburg-v-borussia-moenchengladbach\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI8F0TI-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI8F0TI-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Alexander H\u00fcbner, Pamela Barbaglia and Andres Gonzalez MUNICH (Reuters) -Germany\u2019s soccer governing body is due to meet a second group of private equity investors on Monday before launching the<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1643001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1643001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1643001"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1643001\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1643001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1643001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1643001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}