Skip to Content
AP National Sports

German soccer clubs reject selling stake in media rights to investors

By
Published 6:52 am

FRANKFURT, Germany (AP) — German soccer clubs have rejected a proposal to sell a one-eighth share of future worldwide media rights to investors in a vote. The plan was heavily criticized by fans. Twenty of the 36 clubs from the Bundesliga and the second division voted in favor, but the plan needed 24 votes and a two-thirds majority to allow the league to pursue a sales process with investors on behalf of the clubs. The plan was to sell a 12.5% share of domestic and international TV and media rights for the top two divisions over the next 20 years.

Article Topic Follows: AP National Sports

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KTVZ is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.