Serie A to discuss bids over media right business next week - sources

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Serie A to discuss bids over media right business next week - sources
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MILAN (Reuters) - Clubs in Italy's Serie A soccer league will meet next week to discuss investor bids for their media business, with an array of international funds expected to join the race, two sources familiar with the matter said on Thursday.

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Representatives from the 20 Serie A clubs will meet on July 30 to discuss various proposals, the sources said, cautioning that a decision might not emerge that day.

Private equity firms CVC, Bain Capital, Advent International, TPG, Apollo and General Atlantic were invited to submit bids by Friday but one of the sources said the deadline had been pushed back to Monday to give investors more time to detail proposals. China's Wanda Sports is also readying a project to improve the league's media distribution globally and create a dedicated Serie A multiplatform channel, a third source said.

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