— Published 2 February 2021

A new contract for a new entity

Nice catch for the FIVB. The international volleyball body announces the signing of a partnership contract with CVC Capital Partners Fund VII, a global finance giant, headquartered in Luxembourg. Their alliance will create a new business entity, called Volleyball World, designed to “drive innovation, growth and investment in volleyball globally“. Volleyball World will initially work for the FIVB, before supporting the other leagues and federations in their investments. Volleyball World will be responsible for commercial operations for major international indoor and beach volleyball events, including World Championships, Olympic Qualifying Tournaments, Volleyball Nations League. The partnership will focus on organising events, welcoming fans, media, sponsors, data, and digital opportunities. The FIVB is the majority shareholder of Volleyball World. With this contract, CVC reinforces a presence in sport already noticed in Formula 1, MotoGP and rugby. The firm has offices in 22 countries in Europe, Asia and America. Volleyball World will be led by Finn Taylor, the former head of the Touring Shows division at Cirque du Soleil. Fernando Lima, the former FIVB General Secretary, will chair the Volleyball World Board of Directors. Fabio Azevedo (current FIVB Managing Director) and Simon Denyer (Founder and Former CEO of DAZN Group) will be members of the Board of Directors.