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Serie A to Sell 20% Stake

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Rival bid made for 25% stake for around €3 billion.

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The deals on offer from those groups fall into two broad categories. Private equity groups, such as CVC and Bain, want to buy a minority stake in the league while taking charge of its commercial operations. Others, including GSO and Fortress, are offering loans or other debt deals that would allow clubs to embark on a spending spree and retain control of the league.

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Aurelio De Laurentiis, the Italian film producer and the owner of Napoli, one of the country’s biggest clubs, has pitched an option to fellow club owners that games be shown on a dedicated broadcast channel distributed by a telecommunications company, such as Italy’s Tim network. 

Under Mr De Laurentiis’s plan, which was discussed by clubs on Monday, financing for the channel would be provided by lenders initially but it would be owned entirely by the clubs.

 

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Does anyone really want hedge funds to extract money from the league association? What can they bring to the table that couldn't be done anyway?

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42 minutes ago, Harvsky said:

Does anyone really want hedge funds to extract money from the league association? What can they bring to the table that couldn't be done anyway?

This would be the main concern for the clubs. Think CVC have a 15% stake in the Six Nations rugby tournament (Or at least a deal in place) and there have been mixed reviews to say the least. They also have stakes in the English Premiership, Pro 14, and seem to be wanting a stake in the British and Irish Lions.

It's a very short term look at these things, but with the financial crises that seem to send at least two Italian clubs into free fall each summer they are looking for that investment to at least cut into the huge debts these clubs have in exchange for television rights down the line. Not to mention the 'incentive' of the money promised for infrastructure improvements for these clubs.

The clubs incompetence has led to this, and somehow they believe this deal can be a short term fix. But it won't make them less incompetent after, and will only lead to further financial issues down the line. Napoli's plan seems to be a much better deal to look at, especially if they can look at offering a 'Game / League Pass' solution for broadcasting worldwide. Would certainly shake up how rights are sold for all sporting leagues.

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