BERLIN : Germany's football league (DFL) presented a proposal on Wednesday to the country's independent competition authority that aims to tighten ownership of clubs and rule out major investors taking over control of teams.Current ownership rules blocks major investors from controlling a majority of voti
BERLIN : Germany's football league presented a proposal on Wednesday to the country's independent competition authority that aims to tighten ownership of clubs and rule out major investors taking over control of teams.
But the proposal submitted to Germany's independent competition authority foresees granting no other such special exemptions and according to the DFL aims to tighten the legal certainty and compliance of their current ownership framework."This proposal has now been submitted to the Bundeskartellamt," the DFL said in a statement."Among other things there shall be no exemptions offered in the future from the 50+1 rule.
While clubs in other major leagues in Europe change hands and are taken over by other investors, in Germany this is not possible due to the 50+1 rule.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Man scammed ex-colleagues by offering 50% investment returns: Victims lost over $36,500A 37-year-old man was arrested on Monday (Mar 6) for a series of investment scams in which victims lost more than $36,500. Read more at stomp.straitstimes.com
Read more »
US rate futures price in 50-basis-point Fed rate hike after Powell testimonyTraders of futures tied to the Federal Reserve's policy rate have priced in a 50-basis-point hike in interest rates at the US central bank's Mar 21-22 policy meeting after Fed Chair Jerome Powell said on Tuesday (Mar 7) that
Read more »
Malaysia allocates RM741 million to upgrade immigration complexes at Causeway, Second LinkOne initiative under the upgrading plan includes adding 50 motorcycle lanes entering and exiting Johor.
Read more »
Muted response as Thai hunger strikers hit 50 daysRights groups say the law is abused to silence political dissent. Read more at straitstimes.com.
Read more »
$180,000 in 50 minutes: Wang Lei holds livestream to raise funds for Johor flood victimsFloods have ravaged the state of Johor over the last week, leaving up to 40,000 displaced from their homes and five dead. Local getai singer and actor Wang Lei stepped up to support victims by hosting a livestream that ended up collecting double his initial goal in donations, the 61-year-old wrote on Facebook yesterday (March 7). 'We did it, we...
Read more »
Reddit user wants to know if others are also worried about being retrenched in their 50’s - Singapore NewsNetizens were responsive to his question, with one advising him to start saving while another piece of advice was for him to upgrade his skills in order to stay relevant in the job market
Read more »