September 7 – Italy’s Serie A is reportedly back in the hunt for private equity finance plans with Bloomberg indicating they are looking to sell a €1.7 billion stake in the league’s new media rights business.
A previous deal tabled by CVC, Advent and FSI last October was rejected by clubs including Juventus and Inter Milan who at that time would have likely had their eye on a bigger European Super League deal fortheir clubs.
The Italian deal would have committed those clubs to Serie A with little wriggle room to participate in the riches of the ESL plan.
The talks for new Serie A finance are described as being at an ‘informal’ and earlt stage and do not involve CVC, but do involve Advent who would take on a bigger role.
CVC has since agreed a €1.2 billion with Spain’s LaLiga for a 10% stake in a LaLiga subsidiary that manages its businesses and media rights, with an emphasis on digital media development.
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