The German Football League (DFL) has folded and renounced an agreement worth around a billion euros with a private investor. The League was under pressure from supporters who had not skimped on the means to make their opposition to the project heard.
“In view of current developments, a successful continuation of the process no longer seems possible,” declared Hans-Joachim Watzke, spokesperson for the DFL board of directors. The 36 professional clubs of the German first division (Bundesliga) and 2nd division decided in December to call on a private. investor, the CVC fund, to “ guarantee long-term sustainable success ”