Banks, Private Lenders Look to Fund Bundesliga Media Rights Sale.

MEDIA rights; MONEYLENDERS; PRIVATE equity funds; STUDENT loans

Private credit lenders and investment banks are in discussions to provide funding for the acquisition of a portion of the media rights for Germany's Bundesliga. The DFL Deutsche Fussball Liga is seeking bids of up to €1 billion for an 8% stake in a subsidiary that holds the broadcasting rights. Private credit firms and banks are in early-stage talks with potential buyers to provide debt for the buyouts. Football financing has become a focus for private equity and credit funds, with examples including Ares Management Corp. providing subordinated debt to Chelsea FC and FC Barcelona selling a share of its televised league match rights to Sixth Street Partners LLC. CVC Capital Partners has also used private credit and traditional markets for its football investments. [Extracted from the article]

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