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(Bloomberg) – The divided Italian football league will meet this week to discuss whether personal justice has the answer to its problems.
The main contender, a subsidized organization through CVC Capital Partners and Advent International Corp. , is increasingly involved in not winning enough from Serie A clubs, other people familiar with the subject said. Your candidacy is one of the proposals to be discussed. at an assembly of the most productive Italian organizations on 9 September, others said, who asked not to be known because the data is private.
While Serie A control supports the concept of raising capital from personal equity funds, several clubs, including SSLazio and SSCNapoli, expressed reservations about the technique in recent weeks of discussions, other people said. At least 14 of the league’s 20 groups. You’ll have to vote for an offer of be to be accepted, other people said.
The league would possibly not make a final resolution at this week’s meeting, and the deliberations can also drag on, other people said. Advent, CVC and Serie A representatives declined to comment. The representatives of Lazio and Naples did not respond to requests for comment. via email.
CVC and Advent have submitted about 1. 6 billion euros ($ 1. 9 billion) for a 10% stake in a new media company that has the right to broadcast Series A games, other people familiar with the matter said. to apply, according to other people. The consortium is competing with Bain Capital, which has submitted a declining offer, other people said.
Investment companies Three Hills Capital Partners and Apax Partners are also submitting a proposal to supply new capital to the Italian league and have asked for more time to refine their overdue offering, Bloomberg News reported.
While the Italian league wants an injection of money after decades of underinversion, Serie A would sell a stake at a time when valuations collapsed through Covid-19. The coronavirus pandemic forced games to avoid in March. Stadium fans Are expected to start a new season at the end of this month.
The talks come as an attempt by Serie A to build its revenue stream closer to the levels of the English Premier League and the Spanish La Liga. Series A generated around 2. 5 billion euros ($ 3 billion) in profit in 2018-19, of which nearly 60% came from streaming, according to a June report from Deloitte.
(Updates with club names in the third paragraph)
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