CVC Makes Significant ‘$300m’ Investment In Global Volleyball
Private equity firm CVC Capital Partners has invested a reported $300 million in the International Volleyball Federation (FIVB).
CVC and the global governing body will form World Volleyball, a commercial entity for the sport across the world that will act as the sole regulatory body. It will manage rights to volleyball and beach volleyball events, such as the World Championships, Olympic Qualifiers and the Volleyball Nations League.
In addition, World Volleyball will focus on event hosting, fan experience, media, data and digital opportunities, and sponsorship to grow commercial revenues for reinvestment, whilst eventually looking to join forces with other leagues and federations for the sport.
CVC Capital Partners Head of Sports, Media and Entertainment, Nick Clarry, commented: “Volleyball is one of the most popular sports in the world and there is a huge untapped fan base and commercial potential. FIVB and CVC working together at Volleyball World, will drive innovation and greater fan engagement, which will accelerate growth and allow for substantial reinvestment back into the sport.
“We are delighted to be partnering with FIVB and look forward to working closely together to develop the sport globally, working collaboratively with all the players, leagues and federations in the years to come.”
Volleyball is growing in popularity greatly. Only a matter of time before it will be broadcasted worldwide repetitively.
If you know anyone who plays Volleyball please tell them to contact us as we have the resources to fix you guys up with sponsorship deals.