Lead Serie A negotiator concedes €1.7 billion private equity deal is "difficult to imagine" without support from top clubs
14 April 2021
CVC, Advent and FSI's offer to acquire ten per cent of the Serie A for €1.7 billion is looking increasingly likely to fall through.
Udinese vice president Stefano Campoccia says negotiations have been put on hold during the league's media rights tender.
Part of a committee of five to negotiate the offer, he fears clubs such as Juventus and Inter Milan have had their heads turned by the "Super League" proposal - which seems like it is still being worked on.
An increased financial outlook means clubs are no longer reliant on committing to the offer.
What could have been a consequential, unprecedented investment into a football league now appears likely to be earmarked for the history books as a pipe dream.
The agreement for a consortium of CVC Capital Partners, Advent International and FSI to take on a ten per cent stake in the Serie A's new media company that would manage its commercial and broadcasting rights for a total investment of €1.7 billion lacks the backing of seven primarily top clubs who seem unwilling to return to negotiations that were put on hold during the league's TV rights tender.
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