• Loading stock data...
Sunday, May 19, 2024

JPMorgan Eyes $1B Investment in Serie A Media Unit

  • Private equity firm Searchlight Capital has expressed interest in the media business.
  • Apollo Global Management has also considered an investment.
Serie A TIM

A New York-based financial services company is looking to bolster the media arm of Italy’s top soccer league.

JPMorgan Chase & Co. has reportedly expressed “preliminary interest” in financing Serie A’s media business with between $761 million and $1.1 billion in bank financing. Italy’s top domestic league is preparing to sell domestic and international media rights in 2024.

JPMorgan’s potential investment follows a plan by Serie A to spin off an upcoming media unit to boost revenue after the league failed to sell a 10% stake worth $2 billion to three investors in 2021. In October 2022, Serie A began the formal process of creating the media unit. 

  • Private equity firm Searchlight Capital has expressed interest in the media business. 
  • Apollo Global Management has also considered an investment. 
  • On Feb. 24, all of Serie A’s 20 clubs will meet to evaluate JPMorgan’s proposal. 

In 2022, Serie A announced plans to triple its international media rights revenue by 2030. The league is set to pocket $658 million from international media rights between 2021 and 2024.

Serie A Plans to Triple Its Overseas Media Rights Revenue

Italy’s top soccer league is looking to triple international media rights revenue.
October 23, 2022

Serie A generated $2.4 billion in total revenue during the 2020-21 season, per Deloitte. 

Under Fire

Two Serie A clubs have recently been shrouded in controversy.

Earlier this month, Italy’s soccer federation penalized Juventus with a 15-point reduction for fixing balance sheets with false gains from player transfers, while AC Milan is being investigated for alleged embezzlement following the $1.3 billion sale of the club to RedBird Capital Partners.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Bally-Sports

DSG’s Path to Revival Faces Major Pushback from MLB, NBA, and NHL

Three major pro leagues raise further concerns about the bankrupt Bally Sports parent.

PGA Championship Setting Revenue Records, but LIV Drama Still Looms

The PGA Championship tees off Thursday morning at Valhalla Golf Club.

Want to Stream Live Sports? Better Know Your Bundle Options First

Comcast’s new StreamSaver bundle adds to a fast-growing number of combined offerings.
Kendall Coyne Schofield

PWHL Playoffs Experience Surge in Attendance. Is Expansion Coming?

The first five games of the postseason drew nearly 40,000.
podcast thumbnail mobile
Front Office Sports Today

MLB, NBA, NHL Broadcasting Future Goes to Court

0:00

Featured Today

Michael Block signs autographs on the 18th hole during day three of practice for the PGA Championship at Valhalla Golf Club on Wednesday, May 15, 2024.

‘I Prefer It This Way’: How Life Works for PGA Club Pros

Here’s how life works for the qualifiers at golf’s second major.
February 5, 2019; Washington, DC, USA; The grounds of the Capitol Building empty out following the conclusion of President Donald Trump's State of the Union speech on February 5, 2019.
May 18, 2024

‘A Breathtaking Lobbying Campaign’: The NCAA’s Sophisticated Effort to Save Amateurism

Inside the carefully coordinated, multimillion-dollar operation to end the athletes’ rights era.
May 14, 2024

The WNBA Was Forged in Houston. Why Won’t It Go Back There?

Houston’s a perfect fit for expansion. The league isn’t considering it yet.
May 9, 2024; Indianapolis, IN, USA; Indiana Fever guard Caitlin Clark (22) stands with the team during the national anthem on Thursday, May 9, 2024, during the preseason game against the Atlanta Dream at Gainbridge Fieldhouse in Indianapolis.
May 12, 2024

‘Perfect Storm’: The Rise of Local WNBA Broadcast Pacts

With national attention reaching new heights, regional coverage could dictate the future.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Live Nation
Multiple - USA Careers
Adidas
Multiple - USA Careers
FanDuel
Multiple - USA Careers

How an ‘Extremely, Extremely Rare’ Contract Created the Villanova Knicks

Josh Hart’s second contract was unique in its structure, his agent and an expert say.
April 23, 2024

Caitlin Clark’s Nike Deal Reportedly Worth $28 Million Over Eight Years

The deal would become the largest for a women’s basketball player.
May 6, 2024

Potential Everton Buyer Accused of Enormous Fraud in Lawsuit

Miami-based 777 Partners faces its biggest legal blow yet.
Sponsored

Major League Rugby’s Vision for American Rugby

How Major League Rugby is leading the Rugby renaissance in the U.S.
April 22, 2024

Apple Reportedly Close To Winning Broadcast Rights for Club World Cup

Apple’s deal would be FIFA’s first single worldwide broadcast contract.
April 19, 2024

Memphis and FedEx Strike Unique Corporate NIL Deal For $25 Million

The logistics company has a long-standing relationship with the university.
April 18, 2024

NBA Media Rights Likely Headed for Open Market Next Week

The league is reportedly letting Monday’s deadline pass without a deal.
April 18, 2024

Caitlin Clark ‘Nearing’ $20 Million-Plus Nike Deal: Report

Clark had an NIL deal with Nike at Iowa as well.