German soccer league clubs give green light for investor stake in Bundesliga

BERLIN (Reuters) – Germany’s first and second league soccer clubs voted on Monday in favour of letting a financial investor take a stake in the Bundesliga media rights company, sources familiar with the matter told Reuters.

Up to 8% of the league’s media rights subsidiary could be sold, worth between 900 million and 1 billion euros ($1.08 billion). The investment companies Advent, Blackstone, CVC and EQTE have submitted non-binding bids, sources said.

($1 = 0.9297 euros)

(Reporting by Alexander Huebner, Writing by Nette Nöstlinger, Editing by Thomas Escritt)