Bayer Leverkusen chief executive Fernando Carro has proclaimed that German soccer should make changes to club ownership rules. Current laws in place, labeled the 50+1 rule, limits foreign investors to how much stake they can own in Bundesliga teams. Instead, German soccer opts for a system in which ensures team officials keep control of their clubs.
This law, of course, has a few exceptions. Leverkusen are currently one of only a handful of Bundesliga clubs with outside ownership. Pharmaceutical and biotechnology company Bayer founded the team way back in 1904.
“The 50+1 rule nowadays does not make sense,” stated Carro. “We’re competing internationally — we’re not in an isolated world. Imposing something like this via regulation is no longer valid. If 50+1 wasn’t there, owners could put money into other clubs.”
German fans resistant against allowing outside investment
Other top leagues around Europe have welcomed foreign investors with open arms. Not only are more outsiders opting to buy teams in the big divisions, but more and more smaller clubs are also being bought up as well.
In fact, following Florida-based businessman Tom Piatak’s purchase of Carlisle United, 37% of all teams in England’s top four leagues have American ownership.
Nevertheless, a vast majority of German soccer supporters are against opening the Bundesliga to foreign investors. In fact, fans have protested heavily in recent days due to concerns about private investment in the top flight’s marketing revenue. German soccer recently revealed that a single buyer could now purchase media rights packages.
As a result, fans protested during separate games involving Borussia Dortmund and Hamburg on Friday night. The supporter unrest in Germany continued on Saturday as a game between Union Berlin and Wolfsburg was delayed. Fans attending the game threw tennis balls onto the pitch in protest of the upcoming broadcasting change.
Carro believes that the…
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Author : Chris Moore
Publish date : 2024-02-10 17:02:26
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