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

Reuters
·1-min read
Italy's Lega Serie A headquarters in Milan

(Reuters) - 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.

The investors wrote to the clubs late last week threatening to withdraw their offer if the deal was not immediately ratified, Sky reported https://news.sky.com/story/cvc-consortium-in-threat-to-give-14bn-serie-a-deal-red-card-12211875.

($1 = 0.8307 euros)

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