sports

A fund linked to City Group bids for the Brazilian Football League


Source: Felipe Oliveira / EC Bahia

The Brazilian Football League (Libra) obtained a millionaire supply from the Mubadala Capital fund, from the United Arab Emirates.

The supply is situated round the home 5 billion BRL to purchase 20% of the capital of the league It at the moment consists of 14 golf equipment between Serie A and B, and will obtain new members in the future.

This group consists of: Botafogo, Corinthians, Cruzeiro, Flamengo, Grêmio, Guarani, Ituano, Novorizontino, Palmeiras, Ponte Preta, Red Bull Bragantino, Santos, São Paulo and Vasco.

The creation of the league goals to negotiate the broadcast rights of Brazilian soccer for the years 2025-2029.

Libra proposes an equal cut up of 40% of TV rights, 30% for efficiency and 30% for viewers and engagement.

Liga Forte Futebol (LFF) continues as an “anti-pound” bloc

Since many golf equipment have been in opposition to the standards set by Libra, the Liga Forte Futebol Brasileiro was created.

This group consists of: América Mineiro, Athletico, Atlético-MG, Atlético-GO, Avai, Brusque, Ceará, Chapecoense, Coritiba, CRB, Criciúma, Fluminense, Fortaleza, Goiás, Internacional, Juventude, Náutico, Operário, Sampaio Corrêa , Sport, Tombense and Vila Nova.

The anti-pound bloc agreed to cut up 50% of all TV numbers equally, 25% of efficiency and 25% of viewers.

How is Bahia on this scenario?

Among the golf equipment competing in Serie A and B in 2022, Bahia is the just one that has not received from either side.

The subject, nevertheless, was certainly one of the conversations between the three-color Steering Committee and the Municipal Group throughout 2022.

According to a publication by UOL, in August, there was already a transfer by the two events to method the Brazilian Football League (Libra), which, now with the funding of certainly one of the founders of the City Group, is probably going. the means to be taken over by the future Bahia SAF.

The relationship between Mubadala, Grupo City and Bahia

The fund Mubadala Capital has Khaldoon Khalifa Al Mubarak as CEO. He is certainly one of the founders of City Group, together with Mansour bin Zayed, and is the chairman of Manchester City.

In 2021, the identical Mubadala fund acquired the so-called Landulpho Alves refinery, now generally known as the Mataripe refinery, managed by Acelen. R$ 10 billion was invested in the acquisition.

The primary shareholder of the fund is the Government of Abu Dhabi.

“As CEO and Group CEO of Mubadala, Khaldoon Khalifa Al Mubarak has led the firm’s important evolution over twenty years. Through natural progress, acquisitions and mergers, Mubadala has grown right into a $284 billion enterprise with belongings in over 50 nations in six worldwide places of work. With a world and entrepreneurial mindset, Mubadala is a accountable sovereign investor that creates sustainable financial returns for its shareholder, the Government of Abu Dhabi.”, says Al Mubarak’s web page on Mubadala’s official web site.

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Khaldoon Khalifa Al Mubarak (Source: Getty Images)

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