Apax Partners has renewed its interest in investing in Serie A, the Italian soccer league that’s been frustrated in efforts to raise fresh funding this year, according to people familiar with the matter.
The chance to return one of Europe’s top leagues to its heyday after decades of underinvestment has already attracted a number of suitors, including Advent International, CVC Capital Partners and Italy’s FSI fund.
Serie A engaged with the three investors about selling a 1.7 billion-euro ($1.9 billion) stake in a new company housing its media rights, only to see discussions stall and CVC go on to agree a similar deal with Spain’s LaLiga.
Read more/Source: BNN Bloomberg
