Carlyle-led consortium offers to buy less than 10% stake in Serie A's media company-letter

📆 10/3/2022 6:22 PM
📰 staronline

⏱ Reading Time:
14 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 75%

United States News News

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

MILAN (Reuters) - A consortium of private equity funds led by Carlyle Group is ready to take a stake of less than 10% in a new media company holding Serie A's broadcasting rights, a copy of the consortium's letter seen by Reuters showed on Monday.

The funds, which have dubbed their consortium 'Love for Football', would pay at closing a significant part of the price to Serie A clubs and the league itself, with the rest due over the following three years.

The 'Love for Football' consortium said in the letter that based on a preliminary assessment their offer would value Serie A's media company more than that belonging to Spain's Liga or France's Ligue 1 by applying a higher multiple to core profit.

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:

Write Comment

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 »