MILAN: Serie A will on Monday ask its 20 clubs whether they want to kick-off a process to study proposals by private equity firms and banks interested in investing in the media business of Italy's top flight soccer league, a document seen by Reuters showed.
Citi, Goldman Sachs, JPMorgan and Barclays are the lenders listed in the document, which mentions also private equity firms Apollo, Apax, Carlyle, Three Hills Capital Partners and Searchlight. Spain's LaLiga and France's Ligue 1 have clinched deals to sell part of their media business to private equity investors to get fresh resources to fund investments.
Later this year Serie A is expected to invite applications for rights screen its matches in Italy for up to five seasons starting from 2024/2025.