Serie A generates unprecedented investor interest, multiple entities ready with the offer

Serie A is having a great last few weeks on and off the field. After the successful restart of the season league games on the commercial front as well Serie A is generating great interest. 
At least 7-8 investors are showing interest in investing into the league’s commercial rights entity. 
Serie A investments : Texas Pacific Group, Bank of America joins the race 

Global private investment firm Texas Pacific Group has joined CVC, Advent International, Bain Capital, KKR, Blackstone, FSI and Cinven among the funds reported to be interested in the league, while Bank of America is also considering entering the race, according to a report in Milano Finanza.

According to the report, Serie A has also appointed French Financial consultancy firm Lazard to evaluate the proposals from the interested parties. 

At the same meeting, Serie A clubs mandated league president Paolo dal Pino to continue exploring the feasibility of a deal in a bid to get more definite proposals by the end of July.

Serie A till March was in a period of exclusive negotiation with CVC Capital but once that ended – others have joined the race. 
Serie A decided to offload some of its stake in order to financially strengthen itself and fight the impact of the Covid19 pandemic. According to Gabriele Gravina, president of the Italian Football Federation (FIGC), the pandemic has already cost Serie A US$526 million. Not only this in the month of Mar-April, Serie A was also in talks with US-based Blackstone for a US$112 million short-term loan to help Serie A clubs sail through the difficult times created by Coronavirus. 
Serie A : Details of few Offers in hand for stake sale 
Previous reports said Serie A is looking to sell a minority stake in a separate division that manages the league’s broadcast rights, both domestically and on an international basis.

– Bain Capital tabled a reported US$3.4 billion preliminary offer for a 25 per cent stake in the Serie A business 

– Advent bid was said to value Italian soccer’s top flight at US$14.6 billion. 

– Luxembourg-based CVC Capital Partners had reportedly been in exclusive talks with Serie A over a US$2.4 billion deal to acquire 20 percent of the league.