US500

Most of the major professional soccer clubs of Brazil are about to sign an agreement with investors that could end a battle between rival leagues fighting for control of the sport in the country. Under the agreement, the Brazilian company Life Capital Partners and Serengeti Asset Managementyou will acquire a 20% interest in the commercial rights of the participating teams for 50 years, according to a statement issued Wednesday by investors. The air conditioningAgreement will value the stake at US$500 millionaccording to a person with direct knowledge, who asked not to be identified because the information was confidential. Despite the…