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 with the league, are probably happy that they are spared having to work with such "executives" The league's top management has failed to open itself up to external capital and know-how.