Unanimous approval in November, blocked by seven clubs three months later.
What happened
In November 2020 Serie A's clubs unanimously approved a €1.7bn bid from CVC, Advent and FSI for 10% of a new media company. By February 2021, seven clubs had moved to block it, arguing that it undervalued the league's rights, and the sale did not go ahead.
How it was structured
The proposal would have placed Italian football's media rights in a company with private equity holding a minority stake, the same broad structure LaLiga and Ligue 1 later adopted.
Our review
An approved deal is not a closed deal. Support from a league's members can move quickly, particularly when clubs start to take different views of what their rights are worth.
Sources
Not RMF transactions, just general football and sports transactions. Figures are as publicly reported, and reports sometimes differ. General market commentary, not investment, legal or financial advice.