The Financial Times are reporting that private equity firms CVC and Blackstone are in discussions to acquire a 20% stake in the Serie A for about 2 billion euros. The talks reportedly began at the end of last year. Serie A is expected to lose between 550-650 million euros if the season does not resume. The broadcast revenues of the league were 1.2 billion euros last season - 2 billion less than the Premier League.
CVC ‘in talks’ over ten-year Serie A media-rights investment— SportBusiness (@SportBusiness) May 6, 2020
Private equity company CVC Capital Partners is lining up Serie A for its next sporting investment, it has been claimed, through a deal involving the sale of domestic media rights.https://t.co/2BZfsNkN1P
CVC is reportedly looking for a role to sell the broadcasting rights of the legue for the next ten years beginning 2021. Blackstone are considering to lend money to the clubs to help them recover from the detriments caused by COVID-19.
AC Milan and Italian Football Links
- Milan focusing on Brescia's Tonali and RB Salzburg's Szoboszlai. [AC Milan Offside]
- PSG prepping 30m bid for Algeria midfielder Bennacer. [AC Milan Offside]
- Lazio's chief medic believes coronavirus fears are exaggerated. [Football Italia]
- One Torino player tests positive for the coronavirus as training looms. [Football Italia]
- AS Roma to conduct oxygen and temperature checks at the doors. [Football Italia]
World Football Links
- Aston Villa chief against plans for neutral venues. [BBC]
- Manchester City will run out Sane's contract despite Bayern Munich advance. [The Guardian]
- Belgium government end hopes for season resuming. [Super Sport]
- MLS teams resume training under strict rules. [Super Sport]
- Germany approve Bundesliga restart set for 15th of May. [Sky Sports]