The European Football League approaches with more than $ 10 million in financing financing | Money news

The new owner of the Leyton Orient Football Club is one of the new investors plowing millions of books in a European American football component in an agreement to be announced this week.

Sky News has learned that Goal Line Sports – who is controlled by David Gandler, who recently bought Leyton Orient Leyton Orient – is one of the three strategic investors supporting the expansion of the European Football League (ELF).

The other new investors are 885 capital, whose sports portfolio includes the New Baller League, and Oakvale Ventures, the investment branch of the Oakvale sports advisory group.

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Sources have said that the new financing cycle was worth more than $ 10 million, with reports suggesting that Mr. Gandler plans to acquire a new ELF franchise in London.

Elf, who is now in his fifth season, consists of 16 teams, including the Madrid Bravos, the Musketeers of Paris and the Galaxy of Frankfurt.

The rights of the media on the tournament were sold in North America, South America, Africa and Europe, 101 games broadcast each season.

The championship dedication competition this year will take place on September 7 at the MHP Arena in Stuttgart.

New investors would have been attracted by Elf by the opportunity to access a European market comprising 500 million people, with interest in American football that is developing.

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Last year, total participations reached more than 470,000.

The Elf did not respond to several requests for comments.