A private equity consortium is threatening to abandon a £1.4bn deal to shake up Italian football’s broadcast rights amid uncertainty over the intentions of some of the league’s top clubs.
Sky News has learnt that a group of investors including Advent International and CVC Capital Partners wrote to Serie A’s 20 clubs late last week to say that they would withdraw their offer without immediate ratification of the agreement.
The consortium, which also includes FSI, an Italian fund, agreed a deal with Serie A to create a new broadcast rights entity last autumn.
If completed, the transaction would pave the way for a new approach to media coverage of players such as Juventus’s Cristiano Ronaldo and Zlatan Ibrahimovic, who plays for AC Milan.
Source: Sky News
By Mark Kleinman