News Formal

Soccer-Serie A's media business gets private equity interest from Carlyle, others - sources

  • 📰 staronline
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 75%

United States News News

United States United States Latest News,United States United States Headlines

MILAN (Reuters) -Private equity firms including Carlyle Group and Apax Partners have expressed interest in investing in the media business of Italy's top flight Serie A soccer league, two sources familiar with the matter said on Monday.

Other European national soccer leagues such as Spain's LaLiga and France's Ligue 1 have clinched deals to sell part of their media business to private equity funds to sustain investments after the pandemic hit clubs' finances hard.

Carlyle, Apax and Three Hills held a meeting with Italy's top flight soccer league chiefs last week as the three private equity firms were considering a joint proposal, sources had previously told Reuters. Private equity investors have approached Serie A as it prepares to tender its broadcasting rights, possibly in January.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Soccer-Serie A's media business gets private equity interest from Carlyle, others - sourcesMILAN (Reuters) -Private equity firms including Carlyle Group and Apax Partners have expressed interest in investing in the media business of Italy's top flight Serie A soccer league, two sources familiar with the matter said on Monday.
Source: staronline - 🏆 4. / 75 Read more »