PwC advises DFL on acquiring stake in startup ryghts GmbH

September 4, 2019

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)

 

For further information please contact:
Martin Krause
PwC Communications
Tel: +49 211 981-1657
Send an e-mail

 

About PwC Legal

In today’s rapidly evolving marketplace, our clients are increasingly concerned with business collaborations, restructuring, mergers and acquisitions, financing and questions of social responsibility. They need legal security when dealing with such complex issues. That is why we work closely with PwC’s tax, human resources and finance experts and draw on the resources of our legal network in more than 100 countries to deliver comprehensive advice. Whether a global player, a public body or a wealthy individual, each client can rely on a personal account manager to address his or her specific legal needs. This dedication helps us ensure our clients’ long-term business success.
PwC Legal. More than 250 lawyers at 18 locations. Integrated legal advice for the real world.
 

About PwC

The common purpose of PwC is to build trust in society and solve important problems. With a network of firms in 157 countries, more than 276,000 people are committed to providing high-value sector-specific services in the fields of Auditing, Tax and Business Consulting.
The brand name, PwC, refers to the PwC network and/or to one or several of its member firms, each of which is a separate legal entity. Further details at
 www.pwc.com/structure.

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Contributors

Gerhard Wacker

Corporate/M&A

Tel: +49 911 94985-281