Kaiserslautern announced on Tuesday that the American-Chinese investment group, Pacific Media Group, now hold a 10% share in the football club.
A statement on the club’s website announced: “The managers of 1. FC Kaiserslautern, the majority shareholders 1. FC Kaiserslautern eV and Saar-Pfalz-Invest GmbH and the individual regional investors agreed on this. The club is gaining another important, strategic, international partner for 1. FC Kaiserslautern.”
Pacific Media Group have been involved in the sports business for some years now and have previously worked with clubs in England, France, Denmark, and Switzerland.
The Red Devils are flying high in the 3. Liga at the moment and are currently one of the frontrunners in securing an automatic place into the 2. Bundesliga.