Germany's DFL presses on with deal for media rights

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FRANKFURT : Germany's soccer governing body is pressing on with plans to sell parts of the Bundesliga media rights for the country's first and second leagues to private investors, the Deutsche Fussball Liga (DFL) said in a media release on Friday.On Saturday, German daily paper Bild reported that a workin

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FRANKFURT : Germany's soccer governing body is pressing on with plans to sell parts of the Bundesliga media rights for the country's first and second leagues to private investors, the Deutsche Fussball Liga said in a media release on Friday.

Valuing the business at between 17 and 20 billion euros, the transaction could bring in 2.5-3 billion euros , Bild said. The agreement was based on intensive discussions to bring 36 clubs in the two leagues together on the issue, it said. A spokesperson for DFL, contacted on Saturday about the Bild report, said there was no new comment beyond the Friday night press release.

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