Serie A clubs set to block media stake sale - letter - News Summed Up

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Serie A clubs set to block media stake sale - letter


MILAN, Feb 16 (Reuters) - Seven Italian Serie A soccer clubs no longer see the sale of a stake in the league’s media business to a private equity consortium as a viable option, a document showed on Tuesday, effectively blocking the $2 billion deal. But some clubs had reservations and a final decision on the accord, expected earlier this month, had to be postponed. The clubs said a better than expected response to a tender to award Serie A’s domestic TV rights in talks with prospective buyers provided arguments against the stake sale. In the letter the seven clubs requested a vote at a meeting on Wednesday on the sale of Serie A’s domestic TV rights for the 2021-2024 seasons. But two sources familiar with the matter said eights clubs that look favourably upon the private equity deal intend to boycott the meeting, making a decision impossible.


Source: Egypt Today February 16, 2021 20:48 UTC



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