Determined for money amid the coronavirus disaster, Serie A’s 20 golf equipment voted unanimously Thursday to simply accept a 1.7 billion euro ($2 billion) provide from a consortium of personal fairness funds that shall be charged with enhancing the sale and promotion of the league’s TV rights.
“There are nonetheless a number of checks to be carried out however we’ve accepted the provide,” Serie A president Paolo Dal Pino stated. “We’ve carried out one thing distinctive in a extremely dramatic time.”
The consortium that includes CVC Capital Companions, Introduction Worldwide and FSI will management 10% of the league’s new media firm.
As soon as the contracts are signed, the primary order of enterprise shall be promoting TV rights for the subsequent three seasons.
The league additionally wants to find out tips on how to divide the cash between the 20 golf equipment.