Inter Join Juventus In Blocking CVC-Advent-FSI Investment In Serie A, Italian Media Report

Inter Join Juventus In Blocking CVC-Advent-FSI Investment In Serie A, Italian Media Report
March 27, 2021 16:30
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Inter have joined a group of Serie A clubs, including Juventus, in moving to block a deal to invest in the league by a consortium of US firms CVC and Advent, with Italy’s FSI.

The consortium had looked to strike a €1.7 billion deal with the Lega Serie A for a 10% investment in a new media platform created by the league.

However, as reported in today’s newspaper edition of Corriere dello Sport, the deal is now facing increasing uncertainty after a group of clubs moved to block the arrangement, including Inter.

The Nerazzurri are joined by Juventus, who led the protest, and Atalanta, Napoli, Fiorentina, Lazio and Hellas Verona in rejecting the deal, despite months of negotiations.

Any deal would require a majority of 14 clubs in order to pass and be approved, and whilst the approach had the support of nine clubs, has so far failed to reach the key figure required to be ratified.

By Apollo Heyes
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