Fan protests have an impact: potential Bundesliga investor withdraws billion-dollar offer

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The German Football League (DFL) has suffered a serious setback in its search for an investor. As the DFL confirmed on Tuesday evening, the financial company Blackstone has withdrawn from the bidding race.

“We confirm that after good discussions, Blackstone is no longer an option as a strategic marketing partner for the Bundesliga and the 2nd Bundesliga for various reasons,” the DFL said in a statement in response to SID’s request: “The DFL and the clubs were I I am always aware that the key points and red lines adopted in December place high demands on potential partners.” They said they did not want to go into details given the ongoing process.

More about the investor deal and the protests

Because of investor votes

Fan protests in the Bundesliga are reaching a new level

Fantasy scenes on the barricades

Investor crisis in German football

Clubs undecided

A report from Bloomberg cited fan protests and the hesitant behavior of Bundesliga clubs as reasons. This means that only CVC, which has not made an official statement, is still in the race. “The further process with CVC will continue according to the planned schedule,” the DFL said.

The DFL reduced the number to two candidates in January. The financial investor will acquire shares in a subsidiary of DFL, to which all media rights have been outsourced, for twenty years. The plan is for a partner to have a minority stake of up to eight percent. Blackstone had offered approximately one billion euros for the claim share.

Fans are against the project

Last December, 24 of the 36 professional clubs voted yes in the vote on the entry of an investor. The necessary two-thirds majority has just been achieved. Martin Kind played a central role. The general manager of Hannover 96’s professional department is said to have voted for it, contrary to his club’s instructions. Without Kind’s vote, the deal would have collapsed. Axel Hellmann, member of the DFL executive committee, rejected the demands of the active fan scene for a new vote on the investor issue after numerous protests.

Fan protests are massive. On Saturday, the match between Union Berlin and VfL Wolfsburg (1-0) was about to be canceled. (AFP)

1st Bundesliga 23/24

		team	SP	T.D	PT
	1	Bayer Leverkusen	21	41	55
	2	Bayern Munich	21	37	50
	3	VfB Stuttgart	21	22	43
	4	Borussia Dortmund	21	17	40
	5	RB Leipzig	21	18	37
	6	Eintracht Frankfurt	21	6	32
	7	Sc Freiburg	21	-11	28
	8th	TSG Hoffenheim	21	-2	27
	9	1. FC Heidenheim 1846	21	-6	27
	10	Werder Bremen	21	-4	26
	11	FC Augsburg	21	-8th	23
	12	VfL Wolfsburg	21	-8th	23
	13	Borussia Monchengladbach	21	-5	22
	14	VfL Bochum	21	-16	22
	15	Union Berlin	21	-15	21
	16	1. FC Cologne	21	-20	16
	17	FSV Mainz	21	-19	12
	18	SV Darmstadt 98	21	-27	12

Source : Blick

Emma

I’m Emma Jack, a news website author at 24 News Reporters. I have been in the industry for over five years and it has been an incredible journey so far. I specialize in sports reporting and am highly knowledgeable about the latest trends and developments in this field.