soc bundesliga investors 111009
On the homepage
Sunday's paper
Out There
Reusse/Souhan
Schools
German clubs vote to keep rule that prevents outside investors from taking majority
Print this story
E-mail this story
Save to del.icio.us
Share on Facebook
Share on DiggMore from Sports
BERLIN - Bundesliga clubs voted down a proposal to scrap a rule that prevents outside investors from taking a majority stake in German soccer teams.
Martin Kind, the president of first-division Hannover, had argued to abolish the so-called "50+1" rule, which stipulates that clubs must keep a majority of their own shares.
However, representatives of first- and second-division clubs shot down the motion by a 32-1 margin, with three abstentions.
League president Reinhard Rauball said "Bundesliga is staying true to itself" and counting on factors that contributed to its past success such as "stability, continuity and closeness to fans."
Kind had hoped to change the rule, arguing that the move would help make clubs more competitive.
Recent Sports stories
Gophers hold off Colorado - November 10, 2009
Gophers hold off Colorado - Kiara Buford scored 24 points and Ashley Ellis-Milan made a key putback basket down the stretch. More
St. Cloud State's Jordy Christian vs. UMD in 2009-10. Christian is from Moorhead, Minn.
See thousands of photos from other StarTribune.com readers and share your own photos and video today.
 Get A ProfessionalFind home maintenance, car repair, legal advice, cleaning, and more in the Yellow Pages. Go now! |
Win tickets to the Dec. 3 performance of "In The Heights" at Orpheum Theatre.Vita.mn presents the Dec. 3 performance of "In The Heights" at Orpheum Theatre, and is hosting the official cast after party at First Avenue's Ritmo Caliente. |
Comment on this story | Be the first to comment | Hide reader comments