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    Quick Hits

    Pass the Parm

    By
    Sep 20, 2020 | 08:18 pm
    UPDATED Sep 20, 2020 | 09:46 pm
    US Company Krause Group Becomes Controlling Owner of Serie A Team
    Parma Calcio

    Italian soccer league Serie A gained its fifth North American owner last week when Iowa-based Krause Group acquired a 90% stake in Parma Calcio 1913. The deal reportedly values the team at more than $100 million.

    Serie A could also get more American involvement as two private equity groups are vying for a stake in a new company that will handle the league’s broadcast rights. Last week, clubs from the league voted to create the entity and review bids from Boston-based Bain Capital and CVC Capital Partners for a 10% stake in the company — valued at up to $1.9 billion.

    The new company is meant to help boost its revenue, especially outside of Italy. Broadcast deals account for approximately half the league’s revenue. Broadcast rights for Serie A brought in $1.6 billion last season.

    American Ownership In Top-Level European Soccer Leagues:

    English Premier League: 6 teams

    Italian Serie A: 5

    French Ligue 1: 2

    German Bundesliga: 0

    Spanish LaLiga: 0

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