Tag Archives: Serie

Italy Series A asks investors to submit bids on July 24 for broadcast rights | Instant News

MILAN (Reuters) – Serie A has asked investors to bid for minority shares in the broadcasting rights business on July 24, two sources close to the issue said on Monday, because Italy’s top football league is looking for ways to overcome COVID – 19 emergency.

Private equity firms CVC, Bain Capital, Advent International and TPG are among the companies interested in the offer, the source said. The personal equity of Apollo and the Atlantic General also looked at the dossier, one source said.

CVC, Advent, TPG, General Atlantic and Apollo declined to comment. Bain Capital cannot immediately comment.

Series A, suggested by investment bank Lazard, will choose a short list or will give an exclusive period to one of the bidders at the end of July, a source said.

Broadcast rights broadcast more than half of Serie A’s revenues but the business faces growing challenges because of the economic downturn triggered by the pandemic, which could further increase the income gap with other top European leagues.

Serie A has been in exclusive talks for more than a month on a 2.2 billion euro ($ 2.50 billion) bid from private equity firm CVC Capital for up to 20% ownership in an effort to manage league media rights for 10 seasons. However, negotiations were unsuccessful.

Meanwhile, other private equity investors have joined the race with rival bids, sources said last month.

Serie A is looking for fresh resources to improve its media business, but it is uncertain that the 20 clubs that play in the league will eventually agree to sell minority shares, another source said.

($ 1 = 0.8799 euros)

Reporting by Elisa Anzolin and Elvira Pollina; Editing by Christian Radnedge


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Gabriele Gravina warns of financial problems of Italian football | Football News | Instant News

Last Updated: 4/20/20 8:40 a.m.

Gabriele Gravina believes the return of the sport can give hope to Italy

Italian Football Federation president Gabriele Gravina has warned that financial problems will arise if football in the country cannot continue.

It comes ahead of a week of negotiations, including one on Wednesday with the heads of Serie A, Serie B, PFA and referees’ associations, with the initial steps to continue training which tends to be on the agenda.

In an interview with the national broadcaster, RAI, the 66-year-old player also stressed he would not be a ‘caretaker’ of football in the country and that working towards reopening was very important.

“At the moment there are two seemingly opposing groups: schools of thought that believe that all activities must be closed with the world of sports and whatnot, which I am part of, who believe in continuing,” Gravina said.

“Football moves around five billion euros. Stopping today will be a disaster but we are worried because if football doesn’t start again, there are problems for the future.

“This type of choice will lead to unprecedented responsibility. I cannot be an administrator of Italian football.

Steps will be taken this week with the aim of providing clarity when training will continue

Steps will be taken this week with the aim of providing clarity when training will continue

“I have to defend football and I don’t understand the resistance not to start, with all the guarantees possible, to reorganize the whole sports movement.”

Italy, to date, has been the European country hardest hit by coronaviruses, with more than 23,000 deaths.

Sports in this country were initially suspended on March 9 and there are temporary suggestions aimed at restarting when it is considered safe to do so.

Uefa has also previously announced that their intention is that the European league will be completed by 30 June, if possible.

Gravina acknowledged that the Federation would be directed by the Italian government and health advice, but sport insisted it could be a beacon of hope for the country.

He also believes that concerns about testing should not be a barrier to continuing the game.

Any returns to soccer might be behind closed doors

Any returns to soccer might be behind closed doors

“This is a responsibility that I leave to the government, I will welcome it with more relief,” said Gravina, who has previously expressed concern about legal challenges if the season doesn’t end.

“You can imagine the drama I have experienced in the last few weeks because I have had to hold my battle almost isolated, but Italian football is not a separate monad from the other professional categories of our country and other intercontinental institutions.

“But there is an important feeling: hope.

“I ask to be considered a movement for the socio-economic impact of our country like other sectors.

“The football federation’s medical-scientific commission has established a protocol that has been sent to the Ministry of Sports and Health which guarantees elements of the group are closed, so I don’t understand the concern.

“As for swabs and tests, there are clinics available. This cannot be an obstacle to restart football.”

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