Porsche cleared to take 10% stake in Bundlesliga’s VfB Stuttgart
January 30 – Germany’s DFL has approved the acquisition of 10.41% of Bundelsiga side VfB Stuttgart by sports car manufacturer Porsche.
Porsche is acquiring an initial 5.49% of the shares with a second tranche to be acquired in June 2024.
German rules state that a Bundesliga club must be majority owned by the club and not a private investor. This is the so-called 50+1 rule that is designed to keep control of the football club by its association,
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