For the third time, the DFL has decided against a partnership with an investor. The consequences for the Bundesliga could be devastating: more boredom, fewer spectators, a growing gap to European rivals - and a loss of the top clubs to a super league.
CVC Capital Partners, who were the last to try for a deal, are probably happy that they are spared having to work with such "executives", writes Martin Meissner. The league's top management has now failed three times to open up external capital and know-how, he says.