Volleyball: International Federation to create a new commercial entity with CVC Capital Partners

The Luxembourg investment fund CVC Capital Partners and the International Volleyball Federation (FIVB) have reached an agreement for the creation of Volleyball World, a new commercial entity, announced the body on 01/02/2021. CVC is said to have invested $300m (€248m) according to specialised media.

"Volleyball World will become the commercial entity for the sport around the world. Volleyball World will be responsible for the commercial operation of key volleyball and beach volleyball international events, including: the World Championships, Olympic Qualifiers and the Volleyball Nations League. The partnership will focus on event hosting, fan experience, media, data/digital opportunities, and sponsorship to grow commercial revenues for reinvestment, which will ensure the long-term success of the sport. FIVB will remain the sole, global volleyball regulatory body with responsibility for the sport and its development," explained the Federation.

"Finn Taylor, who was previously the head of Cirque du Soleil's Global Touring show business overseeing significant geographic expansion and…