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Consortium threatening to abandon 1.7 bln euro Italian Serie A deal - Sky News

· 02/07/2021 13:17
Consortium threatening to abandon 1.7 bln euro Italian Serie A deal - Sky News

- A consortium of investors including Advent International and CVC Capital Partners is threatening to walk away from a deal for the media business of Italy's top soccer league, Sky News reported on Sunday.

Serie A has been in negotiations with the investors since they made a 1.7 billion euros ($2.05 billion) offer for the media unit in October, but some of the league's 20 clubs expressed reservations about the deal. nL8N2KA6LK

The investors wrote to the clubs late last week threatening to withdraw their offer if the deal was not immediately ratified, Sky reported.


($1 = 0.8307 euros)


(Reporting by Derek Francis in Bengaluru; Editing by Alison Williams)

((derek.francis@thomsonreuters.com; +91-9986311363 and @derekfrancis089 on Twitter;))