Serie A to hire adviser on media business finance options (updated)

Rothschild & Co SCA

31/03/2023 19:14

(Adds details)
       MILAN, March 31 (Reuters) - Serie A clubs will hire a
financial adviser to study proposals by private equity firms and
banks interested in investing in the Italian top flight's media
business, chairman Lorenzo Casini said on Friday. 
    "Clubs will select an adviser to help the league in
reviewing the proposals," Casini told reporters after team
representatives met to discuss the topic in Milan.
    Serie A has drawn interest from international banks
including JP Morgan  JP.N , as well private equity investors at
a time when Italian clubs are looking at ways to boost their
finances by developing their key media business.
    So far Goldman Sachs, Citi, Jefferies, Rothschild & Co.,
Lazard and Raine have expressed interest in advising the league
over a potential deal with external investors, people familiar
with the matter said.
        All the banks either declined to comment or were not
immediately available.
  

 (Reporting by Elvira Pollina, editing by Alvise Armellini,
Christian Radnedge and Ken Ferris)
 ((elvira.pollina@thomsonreuters.com;))