The top management of the German Football League (DFL) is apparently making a new attempt to find a financial backer.

As reported by Sportschau, the presidium and supervisory board of the DFL decided on Tuesday to have the general meeting of the 36 clubs from the Bundesliga and Bundesliga 2 vote again on December 11 on the basis of a possible investor deal.

A positive vote would give the two DFL managing directors Marc Lenz and Steffen Merkel the mandate to conclude a deal with an investor. In the previous attempt on May 24, the necessary two-thirds majority was not achieved.

According to information from Sportschau, the plans also include the establishment of a subsidiary that will market the lucrative audiovisual media rights, among other things. A potential investor would receive six to nine percent of the proceeds over a term of 20 years and pay 800 million to one billion euros. In the project that failed at the end of May, a 12.5 percent share was earmarked for the investor.

60 per cent of the income under the new model is to flow into digitalization projects, while 30 per cent is to compensate for the clubs’ initial loss of income as a result of the investor’s entry. The remaining millions will be used to increase international activities.

“We need investment to further develop our business model. We are examining which options are feasible and will discuss them with an open mind,” Co-Managing Director Lenz recently emphasized once again.