Serie A Soccer Is Said to Hit Snag in $2 Billion Sale of Stake

Feb. 4, 2021, 8:07 PM

Serie A, Italy’s top soccer league, hit a snag Thursday in efforts to sell a $2 billion stake to an investor group after its board failed to act on the deal, according to people familiar with the matter, raising concerns the agreement may collapse.

Serie A’s board adjourned without taking final action on an agreement letting CVC Capital Partners, Advent International and Italy’s FSI fund buy a 10% stake valued at 1.7 billion euros ($2.03 billion) in a new company that will manage the league’s TV rights, said the people, who asked not to be identified because the deliberations ...

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