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Financial Times: World Cup club teams possibly in the hands of a British investor

2019-12-06T10:02:11.912Z

The British investor CVC Capital Partners is in talks with the football association FIFA and the Spanish football club Real Madrid about investing in new football tournaments, reports the British business newspaper Financial Times on Friday based on anonymous sources.



The British investor CVC Capital Partners is in talks with the football association FIFA and the Spanish football club Real Madrid about investing in new football tournaments, reports the British business newspaper Financial Times on Friday based on anonymous sources.

CVC would talk to FIFA about the purchase of the commercial rights for the World Championship for club teams, the Club World Cup. In the future, 24 teams will have to take part in this, instead of the 7 that are currently playing.

Furthermore, CVC and other investors reportedly have discussions with Real Madrid - the richest club in the world - about setting up a whole new global competition.

CVC Capital Partners manages assets of more than 80 billion dollars (72 billion euros) and is therefore one of the largest investors in the world. In the Netherlands, the company is known, among other things, as the former owner of salary administrator Raet and supermarket chain C1000.

It would not be the first time that the investment company has invested money in a sport. Previously, CVC invested in Formula 1 and MotoGP. CVC recently purchased a 27 percent stake in the British rugby competition.

Source: nunl

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