A German soccer club famed for its progressive politics and social activism has become the first to speak out publicly against a plan to raise as much as €2 billion ($3.3 billion) by selling broadcasting rights to a private equity group.
One week before a crucial vote by Germany’s top 36 clubs, Oke Göttlich, president of Bundesliga second-division side FC St Pauli, said the club could not back a deal without fundamental reform of the game’s business model.
