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Rossoneri Round Up for May 7: Private Equity Firms CVC and Blackstone In Talks To Acquire Stake In Serie A

Summary of Milan’s new for the day and links.

A tv camera in action prior to the Serie A football match... Photo by Nicolò Campo/LightRocket via Getty Images

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 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

World Football Links