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Sky Italia investment plan floated as Serie A review finance options

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MILAN : Italy's leading soccer clubs discussed plans on Monday for outside investment in the media business of Serie A as reports surfaced of an audacious bid by the league for pay TV broadcaster Sky Italia.The top 20 clubs met with league executives in Milan to discuss approaches by private equity firms

MILAN : Italy's leading soccer clubs discussed plans on Monday for outside investment in the media business of Serie A as reports surfaced of an audacious bid by the league for pay TV broadcaster Sky Italia.

Asked about a report by Italian daily La Stampa over a possible investment in Sky Italia, he added"there is nothing concrete on the table at the moment". A separate source told Reuters that under a plan floated by Serie A chief executive Luigi De Siervo, the league may use financing from international banks interested in investing in its media business to fund a potential deal.

Later this year Serie A is expected to invite applications for the rights to screen its matches in Italy for the seasons starting from 2024/2025.

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