PwC advises DFL on acquiring stake in startup ryghts GmbH
Nuremburg/Munich, September 4th 2019.
PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) and PricewaterhouseCoopers GmbH Wirtschaftsprüfergesellschaft (PwC) have provided legal and commercial advice to DFL Deutsche Fußball Liga e.V. (DFL) on acquiring an equity interest in the founding of the startup ryghts GmbH.
The startup ryghts GmbH, a joint venture between DFL under its “DFL for Equity” startup programme and the Cologne-based company Athletia, was set up to trace and suppress illegal broadcasts of football games on the internet. DFL hopes that acquiring a stake in ryghts GmbH and working together with the company will achieve far better clear-up rates of illegal broadcasts than has been the case with previous partners. DFL will acquire a 15% stake in ryghts GmbH.
The Cologne-based company Athletia has a successful track record, going back many years, of tracing and removing illegal recordings on the internet and social media platforms such as Facebook and YouTube.
Advisors to DFL
PwC Legal (Nuremberg):
Gerhard Wacker (team lead), Christian Heigl (both Corporate/M&A)
PwC (Munich):
Dr Michael Kramer and Daniel Pflaum (Advisory – Transactions)
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In this document, PwC Germany refers to PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft, which is a member firm of PricewaterhouseCoopers International Limited (PwCIL). Each member firm of PwCIL is a separate and independent legal entity.
The term PwC refers to the PwC network and/or one or more of the legally independent network companies. Further details can be found at www.pwc.com/structure.
