U.S. investor Sixth Street is among the companies preparing to bid for a portion of the German football league's media and commercial rights, the Financial Times reported on Monday, citing people familiar with the matter.
The logo of the German Football League is pictured in Video Assist Centre in Cologne, Germany, August 5, 2019. REUTERS/Wolfgang Rattay
Feb 6 - U.S. investor Sixth Street is among the companies preparing to bid for a portion of the German football league's media and commercial rights, the Financial TimesThe report comes as Germany's soccer governing body is to sell parts of the Bundesliga media rights for the country's first and second leagues to private investors.expected to sell a 20% stake in a newly created company handling the Bundesliga's media rights in October, but pushed it to this year after a lack of consensus among the league clubs.
The business is valued at between 15 billion euros and 18 billion euros, with a 20% stake priced at about 3.6 billion euros .
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