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Private Equity Faces Uphill Battle in Italian Soccer Pursuit

  • Suitors increasingly concerned they don’t have enough support
  • Weeks of negotiations have sought to win over top Italy teams
Juventus' goalkeeper Gianluigi Buffon concedes a penalty during the Italian Serie A football match Juventus vs Torino.

Juventus' goalkeeper Gianluigi Buffon concedes a penalty during the Italian Serie A football match Juventus vs Torino.

Photographer: Marco Bertorello/AFP via Getty Images

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Italy’s divided soccer league is set to meet this week to debate whether private equity has the answer to its woes.

The top suitor, a group backed by CVC Capital Partners and Advent International Corp., is increasingly concerned it hasn’t won enough support from Serie A clubs, people with knowledge of the matter said. Its bid is among proposals that will be discussed at a Sept. 9 meeting of the top Italian teams, the people said, asking not to be identified because the information is private.