CVC Capital nears $300M volleyball deal
February 2, 2021- Share:
CVC Capital Partners is set to agree to a $300 million deal with the International Volleyball Federation (FIVB), Sky News reported. The deal with volleyball's governing body is expected to include the formation of a new entity, Volleyball World, which will target commercial partnerships with leagues around the world. The FIVB, which runs the sport's Olympic Games qualifying event and the beach volleyball world series, would represent the latest in a string of sporting investments made by CVC. The firm's track record includes the Formula One Group, Premier Rugby and the Pro14 rugby competition.
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