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‘Eight to nine clubs in the Championship are available for sale’ | Adam Sommerfeld, Certus Capital Partners

Covid-19 pandemic means ‘up to 50 per cent’ of EFL clubs available for sale as distressed assets Premier League clubs thinking of selling minority shareholdings CVC interest in Serie A topco an ‘encouraging’ sign for the industry Adam Sommerfeld, head of sports investments at international capital raising firm Certus Capital Partners, describes his client base as a ‘who’s who’ of private equity players, NBA and MLS owners, ultra-high-net worth individuals and media firms. Here he tells SportBusiness how experienced investors are reacting to the Covid-19 pandemic and about the increased appetite among European football teams to sell shareholdings during the crisis. What sort of investment activity have you seen since start of the Covid-19 pandemic? For the first week or two, term sheets were being put on ice and traditionally these are difficult to revisit. That was tricky. Then, lots of investors came back to the table – new investors looking at distressed assets and competitively priced deals at least, so it’s been quite a turnaround. Adam Sommerfeld, Certus Capital Partners.

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