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Serie A accepts $ 2 billion offer from equity fund

ROME (AP)-20 clubs in Serie A, coveting cash during the coronavirus crisis, unanimously voted Thursday to accept a € 1.7 billion ($ 2 billion) offer from a private-equity fund consortium. I did. League television rights.

“We still have a lot to do, but we have accepted the offer,” said Paolo d’Al Pino, president of Serie A. “We did something unique at a really dramatic time.”

A consortium featuring CVC Capital Partners, Advent International and FSI will dominate 10% of the league’s new media companies.

Once the deal is signed, the first order for the business is to sell TV rights for the next three seasons.

The league also needs to decide how to divide the money among the 20 clubs.

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Serie A accepts $ 2 billion offer from equity fund

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