12:25 PM EDT, 06/03/2024 (MT Newswires) -- Blackstone (BX) partner David Blitzer leads an investor consortium now working with financial advisory firm Lazard on a potential sale of German football club FC Augsburg, Bloomberg reported Monday.

The sale could value the team at more than 150 million euros ($163.3 million), the report said, citing people familiar with the matter.

Some of the people said the deliberations are still at an early stage and potential suitors have not yet been approached, according to the report.

A spokesman for Blitzer's Bolt Football Holdings, which has a stake in a holding company that owns the German football club,

declined to comment, according to the news outlet.

Blackstone, FC Augsburg, and Lazard did not immediately reply to MT Newswires' request for comment. Bolt Football could not be reached for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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