A consortium of US investors is in advanced discussions to acquire a 10-per-cent stake in German third-tier football side FC Kaiserslautern.
Citing sources close to the deal, Bloomberg reports that a group led by Pacific Media Group co-founder Paul Conway and NewCity Capital chairman Chien Lee is closing in on a deal to invest in the team and that an agreement could be announced as early as next week.
You need to have an account to access our content
Find out more about our news, features and services
Already have an account? Sign in here
