GERMANY's football body has appointed Deutsche Bank to lead the possible sale of a package of media rights, Bloomberg News reported yesterday, citing people familiar with the matter.

In June, Bloomberg News reported that the German Football League (DFL) was considering selling as much as 20 per cent of a unit which houses its domestic and international broadcasting rights.

It was also exploring other funding options, including loans and other strategic investment ideas, the report had said.

The DFL organises Germany's two biggest football leagues.

Deutsche Bank will work alongside Japan's Nomura, the football body's longstanding adviser, Bloomberg's report said yesterday.

The news agency added that about 10 private equity companies were expected to present their strategies for boosting the reach of German football in presentations as early as September, ahead of possible preliminary offers later in the year.

Advent International, Blackstone, CVC Capital Partners, EQT and KKR are among the companies that are considering investing, the report added. The DFL did not immediately respond to a Reuters request for comment, while Advent International, Deutsche Bank, EQT and CVC declined to comment.

Reuters

(c) 2022 City A.M., source Newspaper