Blackstone and CVC Capital funds are negotiating to take over the Italian Football League
The prestigious Financial Times reported yesterday that Blackstone and CVC Capital could take Series A. In this way, the private equity Holding CVC Capital Partners and Blackstone would be available in separate conversations to invest in the Italian professional soccer league, which He faces a financially complicated scenario due to the suspension and the subsequent doubts about the resumption of the competition.
Reuters is also reporting that the both private equity firms CVC Capital Partners and Blackstone Group Inc are in separate talks about investments in Italy’s Serie A soccer league, the Financial Times reported on Tuesday.
CVC is in talks to buy a 20% stake in the league for 2 billion euros ($2.17 billion), valuing the league at 10 billion euros, the newspaper reported on.ft.com/2xBzAPV, citing two people briefed on the discussions, which began at the end of last year.
Blackstone is separately considering lending to clubs to help cover their costs during the shutdown of fixtures, the report added, citing people familiar with proposal.
