- Clubs informed of offer at soccer league’s meeting Thursday
- Serie A studying ways to boost revenues via media rights
- Funds including Apollo have also expressed interest
- Clubs to assess in coming weeks JPM’s, funds’ proposals
MILAN, Jan 27 (Reuters) – JPMorgan Chase & Co (JPM.N) has written to Italy’s top soccer league to express a preliminary interest in supporting the development of Serie A’s media business, three people close to the matter said.
Interest from the U.S. bank rivals that of several investment funds which have approached Serie A as the league prepares to hold a tender to sell its domestic and international broadcasting licences for the seasons after 2024.
The sources said the 20 clubs that comprise Serie A were informed of the interest by the U.S. bank at a closed-door meeting of their top executives on Thursday.
JPMorgan is expected to be able to provide between 700 million…
