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German League renounces foreign investments in the Bundesliga due to pressure from fans

German League renounces foreign investments in the Bundesliga due to pressure from fans
February 21, 2024 – 19:18

The German Football League (DFL) gave up agreeing with foreign investors for the Bundesliga’s TV rights in exchange for a capital contribution.

Reuters

The German Football League (DFL), responsible for the Bundesliga and of the 2. Bundesliga (the country’s two top divisions), halted the process of seeking foreign investors for a stake in its broadcasting unit, amidst fan protests.

In December, the football clubs of the Bundesliga and of the 2. Bundesliga voted in favor of a financial investor taking a stake in the media arm of the German Football Leaguein an operation valued between 900 million and 1,000 million euros.

However, the decision triggered a wave of protests from fans, who opposed the measure and fear further commercialization of football in Germany. They disrupted play for many matches, throwing tennis balls and candy and displaying banners.

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South Korean defender Kim Min-Jae reacts after tennis balls were thrown onto the field in protest against the eventual arrival of foreign investors in the Bundesliga during last Sunday's match against Bochum.

South Korean defender Kim Min-Jae reacts after tennis balls were thrown onto the field in protest against the eventual arrival of foreign investors in the Bundesliga during last Sunday’s match against Bochum.

The spokesperson for the board of directors of the German Football LeagueHans-Joachim Watzke, who is also CEO of the Borussia Dortmund, stated in a statement that “it seems impossible for the process to continue successfully, given current events.” “That is why the board decided unanimously (…) not to continue the process and not to conclude it.”

Germany, with angry fans

Fans escalated their protests over the weekend and interrupted almost all of the league’s games. Bundesliga, some on several occasions, which ended much later than expected. Watzke said that in the coming weeks the German Football League I would invite clubs to conversations to analyze the process.

Embed – https://publish.twitter.com/oembed?url=https://twitter.com/fcunion_es/status/1759942629771370568&partner=&hide_thread=false

The Bundesliga It is the second European league by revenue, after the English Premier League.

Source: Ambito

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