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U.S. investor Sixth Street prepares bid for minority stake in Germany’s football league – FT

By:
Reuters
Updated: Feb 6, 2023, 07:22 UTC

(Reuters) - U.S. investor Sixth Street is among the firms preparing a bid for a part of the media and commercial rights to Germany's football league, the Financial Times reported on Monday, citing people familiar with the matter.

Video Assist Centre of the DFL in Cologne

(Reuters) – U.S. investor Sixth Street is among the firms preparing a bid for a part of the media and commercial rights to Germany’s football league, the Financial Times reported on Monday, citing people familiar with the matter.

The sale of a minority stake in the Bundesliga rights, which could be valued at up to 18 billion euros ($19.43 billion), comes as the German soccer league tries to close the financial gap with rivals, FT reported. 

Sixth Street and the Bundesliga did not immediately respond to Reuters requests for comment.

($1 = 0.9265 euros)

(This story has been corrected to say the total value of the business is 18 billion euros in paragraph 2) 

(Reporting by Gokul Pisharody in Bengaluru; Editing by Subhranshu Sahu)

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