CVC is in talks to buy a 20% stake while Blackstone is considering lending to clubs. FMTNews
LONDON: Private equity firms CVC Capital Partners and Blackstone Group Inc are in separate talks about investments in Italy’s Serie A football league, the Financial Times reported on Tuesday.
Blackstone is separately considering lending to clubs to help cover their costs during the shutdown of fixtures, the report added, citing people familiar with the proposal.CVC and Serie A did not immediately respond to Reuters requests for comment. The deal could give CVC, which has had sports deals in the past, a role in selling broadcasting rights for 10 years from 2021, the report added citing sources.
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