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
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.