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FC Köln have released a statement on the result of the investor vote today which ended in favour of the private equity model.
The statement reads: "We again rejected the private equity model in today's vote. However, with the narrowest possible majority of exactly 24 club votes, the model was affirmed. The 1st FC Köln accepts and respects this democratically struck vote of the DFL General Assembly and will fully support it."
More clubs are expected to release statements in the coming days in response to the DFL's investment announcement.
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