French league approves $1.66 billion deal with CVC Capital
2 years, 8 months ago

French league approves $1.66 billion deal with CVC Capital

Associated Press  

PARIS — The French soccer league announced an investment deal Friday with private equity firm CVC Capital Partners as part of a new commercial subsidiary in charge of marketing media rights. The league said its general assembly unanimously approved the creation of the subsidiary and CVC’s commitment to invest 1.5 billion euros. In return for its investment, CVC will hold a 13.0% stake in the league, valuing the entire capital of the commercial subsidiary at 11.5 billion euros. Following the collapse of its record-breaking TV rights contract with Spanish-based broadcaster Mediapro, the French soccer league was forced last year to ask the government to set up a financial rescue plan amid huge revenue losses exacerbated by the coronavirus pandemic.

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Vincent Labrune re-elected to another 4-year term as French soccer league president
3 months, 2 weeks ago

Vincent Labrune re-elected to another 4-year term as French soccer league president

Associated Press  

PARIS — French league president Vincent Labrune was re-elected Tuesday to another four-year term with an overwhelming majority. “After a first mandate marked by emergency solutions and long-term responses to the unprecedented crisis in the financing of audiovisual rights, an era of transformation for professional soccer has now begun,” the league said in a statement.” The vote was expected to …

CVC announces Amsterdam IPO; Has stakes in Breitling, French & Spanish football leagues
8 months, 1 week ago

CVC announces Amsterdam IPO; Has stakes in Breitling, French & Spanish football leagues

NL Times  

Investment company CVC Capital Partners is headed to the Euronext Amsterdam stock exchange in an initial public offering that looks to raise at least 1.25 billion euros. CVC Capital Partners owns the luxury Swiss watch brand, Breitling, and has invested two billion euros in Spanish professional football’s top La Liga. The company also invested 1.4 billion euros in Ligue 1, …

CVC the only prospective investor for Bundesliga after Blackstone’s interest ends
10 months, 1 week ago

CVC the only prospective investor for Bundesliga after Blackstone’s interest ends

Associated Press  

FRANKFURT, Germany — CVC Capital Partners is the only remaining prospective buyer for a stake in the Bundesliga’s media rights income after competitor Blackstone ended its involvement in the process, the league says. Blackstone’s exit comes as fans step up protests against the league’s plans to sell a share of its income from TV and other media rights. “We confirm …

How private equity is changing the global soccer landscape with big investments in clubs and leagues
10 months, 2 weeks ago

How private equity is changing the global soccer landscape with big investments in clubs and leagues

Associated Press  

MADRID — Atletico Madrid is revamping its training facilities. Spanish clubs this week are meeting to showcase and discuss projects funded by their shares of the $2.1 billion that private equity group CVC Capital Partners is investing in the Spanish league. The 2021 deal was the first of its kind in Europe’s top soccer leagues, but CVC has since made …

Explained: The media rights deal the Bundesliga hopes will boost its competitiveness
1 year, 7 months ago

Explained: The media rights deal the Bundesliga hopes will boost its competitiveness

New York Times  

The Bundesliga are looking for a cash injection. The investment is designed to increase the league’s “international competitiveness,” according to Borussia Dortmund CEO Hans-Joachim Watzke, who also serves on the Bundesliga supervisory board. Forty-five per cent is earmarked for the club’s infrastructure — stadiums, club training centres, academies etc — and the final 15 per cent can be spent at …

Spanish court admits clubs' legal action over CVC deal
2 years, 10 months ago

Spanish court admits clubs' legal action over CVC deal

The Hindu  

A civil lawsuit against LaLiga filed by Real Madrid, Barcelona and Athletic Bilbao over a 1.994 billion euro private equity deal agreed by the administrators of elite Spanish football has been admitted by a Madrid court, the court said on Monday. All but five of the 42 clubs in the top two divisions signed up in December to the 1.994 …

Real Madrid, Barcelona propose alternative to CVC investment
3 years ago

Real Madrid, Barcelona propose alternative to CVC investment

The Hindu  

Top Spanish football clubs Real Madrid and Barcelona have proposed a 2 billion euro bank credit to finance the country's top football league in a bid to derail an approved cash injection offered by private equity fund CVC. READ: The alternative proposal from Spain's two largest clubs together with smaller Athletic Bilbao would see JPMorgan, Bank of America and HSBC …

Meet CVC Capitals Partners – Ahmedabad IPL franchise owners who outbid Adani Group
3 years, 1 month ago

Meet CVC Capitals Partners – Ahmedabad IPL franchise owners who outbid Adani Group

Firstpost  

Private equity firm CVC Capital Partners made their way into Indian cricket after winning the bid for the Ahmedabad IPL franchise for an amount of Rs 5625 crores. Another team was Ahmedabad and its bidders were Irelia Company Pte Ltd – CVC Capital Partners, who pitched an amount of Rs 5625 crores. A private equity firm, CVC Capital Partners is …

LaLiga: Spanish league to sell $3.2 billion stake to private equity fund – Firstpost
3 years, 4 months ago

LaLiga: Spanish league to sell $3.2 billion stake to private equity fund – Firstpost

Firstpost  

The CVC investment has to be approved later Wednesday by the league’s executive committee before it can be put to a general assembly vote of the clubs. Spain’s top football league announced Wednesday it has agreed in principle to sell 10 percent of its business to private equity firm CVC Capital Partners for 2.7 billion euros to help finance long-term …

Ligue 1: League-leaders Lille sold to Luxembourg-based investment fund amidst financial crisis
4 years ago

Ligue 1: League-leaders Lille sold to Luxembourg-based investment fund amidst financial crisis

Firstpost  

Lopez and director of football Luis Campos, a renowned talent scout with a huge network in Europe and South America, both left with immediate effect. Paris: League leaders Lille have been sold to a Luxembourg-based investment fund as the fallout from a collapsed television deal continues to impact French clubs financially. “We intend to give Olivier Letang and his team …

After TV deal collapse, French soccer clubs face uncertainty
4 years ago

After TV deal collapse, French soccer clubs face uncertainty

Associated Press  

PARIS — The collapse of French soccer’s main broadcast rights deal has disrupted teams’ financial plans in already pandemic-hit season just before the global transfer window reopens in January. In 2019, French clubs made a net profit of $251 million from sales on international player transfers processed by FIFA, according to the world soccer body’s research. Rennes coach Julien Stéphan …

French Football Federation loses 24 million euros due to COVID-19, says director general
4 years ago

French Football Federation loses 24 million euros due to COVID-19, says director general

Firstpost  

Hardouin also warned of a need to juggle “the other uncertainty” surrounding the deepening conflict between the Football Professional League and Spanish broadcasters Mediapro over the payment of television rights. Paris: The French Football Federation has suffered a loss of about 24 million euros since the summer as a result of the coronavirus pandemic, its director-general Florence Hardouin told AFP …

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