Serie A media business stake sale off after top clubs object

A group of Serie A clubs have moved to block the €1.7 billion deal to sell a stake in the league’s newly created media business. The deal, agreed in November 2020 after months of speculation, sold a 10% stake in Serie A’s newly created media rights business to a consortium led by CVC Capital Partners […]

‘A true turning point’ for Serie A as league approves media business stake sale

The board of Serie A, the Italian top-flight football league, have unanimously approved a deal to sell a 10% stake in a new media unit to a joint-bid from CVC Capital Partners and Advent International. The investment firms, along with the country’s FSI fund, will pay a total of €1.7 billion for 10% of a […]

Serie A clubs to vote on media rights business bid on November 19

Clubs in Italy’s top flight football division Serie A are set to meet this week to decide on the sale of a stake in its media rights business. The league had previously announced the launch of a new company to manage its broadcast rights for a decade. As a part of this launch, a stake […]

Serie A selects CVC bid for stake in media business

Serie A and its respective clubs will enter into exclusive talks with a CVC-led private equity fund consortium over sale of a stake in its new media business. The Italian top flight football league had previously announced the launch of a new company to manage its broadcast rights for a decade. As a part of […]

Home unions battle for FTA Six Nations in £300 million CVC deal

Private equity firm CVC’s £300 million deal to acquire a 15% stake in Rugby Union’s Six Nations is being held up over broadcast rights. According to the Guardian, England, Scotland and Wales are insisting that the competition remains on free-to-air TV,  while CVC wants full control of the commercial arm of the Six Nations – […]

Liberty Media confirms US$4.4bn Formula 1 deal

Liberty Media has confirmed that it is buying the Formula1 motor sports business for US$4.4 billion. The deal gives F1 an enterprise value of US$8.0 and will see Liberty buy an initial minority stake of 18.7%, which it will up to 100% subject to antitrust and competition approvals in various countries. Liberty is buying the […]

Euskaltel acquires R for €1.155 billion

Basque region cable operator Euskaltel has acquired Galician operator R for €1.155 billion including debt, in a cash and shares transaction, confirming its role as the consolidator amongst the three independent operators in the northern part of Spain. The deal values R, which is 70% owned by investment group CVC and 30% by local bank […]