Germany’s soccer league (DFL) offered a proposal on Wednesday to the nation’s impartial competitors authority that goals to tighten possession of golf equipment and rule out main traders taking up management of groups.
Current possession rule blocks main traders from controlling a majority of voting rights in Bundesliga golf equipment underneath its ‘50+1’ rule, apart from VfL Wolfsburg, Hoffenheim and Bayer Leverkusen.
But the proposal submitted to Germany’s impartial competitors authority foresees granting no different such particular exemptions and, based on the DFL, goals to tighten the authorized certainty and compliance of their present possession framework.
It didn’t say when it anticipated a call on the matter.
“This proposal has now been submitted to the Bundeskartellamt,” the DFL mentioned in a press release. “Among other things there shall be no exemptions offered in the future from the 50+1 rule.”
According to present DFL guidelines golf equipment can’t compete within the Bundesliga if business traders have greater than a 49% stake. Clubs in Germany traditionally had been not-for-profit organisations run by member associations.
While golf equipment in different main leagues in Europe change palms and are taken over by different traders, in Germany this isn’t potential because of the 50+1 rule.
The DFL mentioned these golf equipment at present with an exemption would proceed enjoying within the high leagues however must meet some standards to retain their particular standing.
Hoffenheim’s main investor Dietmar Hopp mentioned on March 1 he could be giving again the exemption of his membership from the rule as he could be handing again nearly all of his voting rights to the membership with none compensation.
