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.
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.