US led investment group buys stake in Kaiserslautern - Own stakes in several clubs

This article first appeared on March 24 and has been updated after the club confirmed the deal. 

A US-Chinese investment group has bought a stake 3. Liga side 1.FC Kaiserslautern. Bloomberg was the first to report that the Pacific Media Group are on the verge of purchasing 10% of the FCK-Kapitalgesellschaft. Kaiserslautern confirmed the deal on Tuesday. 

The Pacific Media Group already owns shares in several clubs across Europe, including Barnsley (England), KV Oostende (Belgium), AS Nancy (France), and Esbjerg fB (Denmark). In 2020 a regional investment group purchased 33% of the FCK-Kapitalgesellschaft for €11 million and rescued the club after successful bankruptcy proceedings. Kaiserslautern are currently on course to be promoted to the 2. Bundesliga.