Apax Partners, Three Hills Capital Partners, Carlyle Group and Searchlight Capital have approached Serie A expressing interest in investing in the media business of Italy’s top flight soccer league
The approach by the four private equity firms comes after Serie A last year failed to reach a media rights deal worth €1.7bn with a group of funds led by CVC Capital Partners due to opposition from some of its clubs, including Juventus and Lazio.
Other European national soccer leagues such as Spain’s La Liga and France’s Ligue 1 have clinched deals to sell part of their media business to private equity firms to sustain investments after the pandemic hit revenues.
Read more: Reuters
