Fee kick

17 June 2020 By Lisa Jucca Follow @LJucca

CVC and Bain Capital are vying to take a stake in the country’s top Serie A league. Empty stadiums will strain clubs’ finances, while broadcasters have dragged their feet on handing over 1.3 bln euros of annual TV money. It offers a rare opportunity for a cut-price cash transfer.

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U.S. buyout firm Bain Capital has made a tentative offer of about 3 billion euros for a stake of around 25% in Italy’s top Serie A soccer league, seeking to trump a previous bid by CVC Capital Partners, Reuters reported on June 15 citing two sources.

CVC has entered exclusive talks to invest up to 2.2 billion euros for up to 20% of a new company that would manage Serie A’s media rights for 10 seasons, Reuters reported on May 14 citing sources familiar with the matter. The exclusive talks are meant to last up to six weeks.

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