(Reuters) -U.S. investor Sixth Avenue is among the many firms getting ready to bid for a portion of the German soccer league’s media and business rights, the Monetary Occasions reported on Monday, citing individuals conversant in the matter.

The report comes as Germany’s soccer governing physique is urgent on with plans to promote elements of the Bundesliga media rights for the nation’s first and second leagues to non-public traders.

The German soccer league was initially anticipated to promote a 20% stake in a newly created firm dealing with the Bundesliga’s media rights in October, however pushed it to this yr after an absence of consensus among the many league golf equipment.

The enterprise is valued at between 15 billion euros and 18 billion euros, with a 20% stake priced at about 3.6 billion euros ($3.89 billion).

A number of personal fairness funds together with CVC, Bain Capital, KKR, EQT (NYSE:), Introduction, Blackstone (NYSE:) and Bridgepoint got here ahead in 2022 to precise curiosity within the deal, Reuters had reported.

Sixth Avenue declined to touch upon the Monetary Occasions report, whereas DFL and Bundesliga didn’t instantly reply to Reuters requests for remark.

($1 = 0.9265 euros)