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AC Milan owner says Serie A should steer clear of outside investment

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Italy's Serie A soccer league should avoid the temptation of handing over some of its business to outside investors in exchange for a short-term cash injection, the owner of champions AC Milan said on Thursday.

that banks and investment funds"I'm not a buyer of that, I'm not a supporter of that," he told the Financial Times Business of Football Summit.

"Why mortgage your future?," added the former Goldman Sachs banker. "We can be self-sufficent ourselves." Serie A's key media business has drawn interest from a number of banks and investment funds and its clubs are due to meet later this month to consider their next step.as continental clubs look at ways to close the revenue gap on the English Premier League.

 

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