EconomyLens.com
No Result
View All Result
Thursday, August 7, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Business

Bundesliga investor deal collapses after fan protests

Andrew Murphy by Andrew Murphy
February 21, 2024
in Business
Reading Time: 4 mins read
A A
10
19
SHARES
242
VIEWS
Share on FacebookShare on Twitter

Frankfurt (Germany) (AFP) – The German Football League (DFL) on Wednesday dropped a huge cash injection deal with investors for a share of Bundesliga media revenues after widespread fan protests, a U-turn hailed by fanclubs as a “success” for supporters.

“Given current developments, a successful continuation of the process no longer seems possible,” Hans-Joachim Watzke said in a statement on behalf of the DFL’s board.

Fans had littered pitches with tennis balls and chocolate coins, attached bike locks to the goals and released toy cars onto the field to signal their opposition to the deal.

Related

Apple to hike investment in US to $600 bn over four years

Deliveroo slips back into loss on DoorDash takeover costs

Deliveroo slips back into loss on DoorDash takeover costs

Mexican authorities accuse Adidas of cultural appropriation

McDonald’s sees US rebound but says low-income diners remain stressed

The protests interrupted matches over the last weeks, leading referees to even threaten to abandon games.

In December, German clubs voted by a two-thirds majority in favour of the plan to “secure long-term and sustainable success”.

In exchange for eight percent of future TV rights, the league would receive an immediate investment, said to be close to one billion euros ($1.1 billion), to help market and promote the Bundesliga internationally.

Despite excellent stadium attendances and a lucrative domestic TV deal, international interest in the Bundesliga lags behind that of England’s Premier League or Spain’s La Liga.

But Germany’s powerful fan clubs say the investor process lacked transparency and ignored supporters’ wishes.

German football has a notable commitment to fan control and involvement via a “50+1” rule which restricts the degree of influence an external investor can have over a club. The rule is incredibly popular among German fans, many of whom value it more than success on the field.

Hailing Wednesday’s decision, fan group Unsere Kurve said the “comprehensive, but very peaceful and very creative protests were ultimately the key to success”.

German football was being tested by the protests, “even if a large majority are in favour of the necessity of the strategic partnership”, Watzke said.

“Fan groups are causing major clashes, which are increasingly jeopardising game operations…and thus the integrity of the competition,” said Watzke, who also serves as CEO of Borussia Dortmund.

Under the circumstances, the completion of the deal “cannot be guaranteed”, he said, adding that the decision to drop the investor tie-up was unanimous.

A similar proposal which sought to sell off a higher percentage of the TV revenue for a larger fee failed to get the necessary majority when put to a vote in May last year.

Tags: Bundesligafan protestsfootball
Share8Tweet5Share1Pin2Send
Previous Post

Two dead, two hurt in Dutch bridge accident

Next Post

Brazil condemns ‘paralysis’ on Gaza, Ukraine at tense G20 meeting

Andrew Murphy

Andrew Murphy

Related Posts

Business

German broadcast giant backs takeover by Berlusconi group

August 6, 2025
Business

UK watchdog bans Zara ads over ‘unhealthily thin’ model photos

August 6, 2025
Business

Ozempic maker Novo Nordisk posts strong results but competition weighs

August 6, 2025
Business

Hong Kong’s Cathay Pacific unveils deal to buy 14 Boeing jets

August 6, 2025
Business

Guinness owner Diageo ups savings as US tariffs hit

August 5, 2025
Business

Oil giant BP returns to profit in second quarter

August 5, 2025
Next Post

Brazil condemns 'paralysis' on Gaza, Ukraine at tense G20 meeting

US Fed divided on risk of cutting rates too soon: minutes

Global stocks mixed on Fed rate cut caution ahead of Nvidia results

Boeing replaces 737 MAX chief after January mid-air scare

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
10 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

75

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Germany factory output lowest since pandemic in 2020

August 7, 2025

India exporters say 50% Trump levy a ‘severe setback’

August 7, 2025

Swiss reel from ‘horror scenario’ after US tariff blow

August 7, 2025

Asian markets rise as traders look past Trump chip threat

August 7, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.